Ametek Inc (AME)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,376,120 | 1,313,190 | 1,159,540 | 990,053 | 872,439 |
| Total assets | US$ in thousands | 14,631,200 | 15,023,500 | 12,431,100 | 11,898,200 | 10,357,500 |
| ROA | 9.41% | 8.74% | 9.33% | 8.32% | 8.42% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,376,120K ÷ $14,631,200K
= 9.41%
Ametek Inc's return on assets (ROA) has shown a fluctuating trend over the past five years. Starting at 8.42% on December 31, 2020, it slightly decreased to 8.32% by the end of 2021. However, there was an improvement in ROA in the following years, reaching 9.33% by December 31, 2022, then dropping to 8.74% by the end of 2023. The most recent data point for December 31, 2024, shows a noticeable increase in ROA to 9.41%.
Overall, Ametek Inc's ROA performance indicates some variability in effectively utilizing its assets to generate profits, with periods of improvement and slight decline. This metric is crucial as it reflects the company's efficiency in generating profits relative to its total assets, and the positive trend in recent years could suggest enhanced asset management and operational efficiency. Further analysis would be needed to determine the underlying factors driving these fluctuations and to assess the company's long-term profitability and asset utilization capabilities.
Peer comparison
Dec 31, 2024