Api Group Corp (APG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 250,000 | 153,000 | 73,000 | 47,000 | -153,000 |
| Total assets | US$ in thousands | 8,152,000 | 7,590,000 | 8,091,000 | 5,159,000 | 4,065,000 |
| ROA | 3.07% | 2.02% | 0.90% | 0.91% | -3.76% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $250,000K ÷ $8,152,000K
= 3.07%
The analysis of Api Group Corp's return on assets (ROA) over the period from December 31, 2020, to December 31, 2024, reveals a consistent upward trend. At the end of 2020, the ROA was recorded at -3.76%, indicating that the company was operating at a loss relative to its asset base during that year. This negative ROA suggests inefficiencies in generating profit from its assets, potentially due to operational challenges or adverse market conditions prevailing at that time.
By the end of 2021, the ROA improved significantly to 0.91%, transitioning into positive territory. This shift signifies that the company was able to generate a modest profit from its assets, reflecting operational improvements or enhanced efficiency. The positive movement continued into 2022, with the ROA remaining steady at 0.90%, indicating a stabilization of the company's asset utilization and profitability levels during that period.
Further progression is observed in 2023, where the ROA increased to 2.02%, demonstrating continued growth in asset efficiency and profitability. The increase suggests that Api Group Corp successfully enhanced its ability to generate earnings from its asset base, possibly through strategic initiatives, cost management, or revenue growth.
Most recently, by December 31, 2024, the ROA rose to 3.07%, marking its highest point within this period. This indicates sustained improvement in the company's operational effectiveness and asset management, with assets generating increasing returns. The upward trend over these years reflects a positive and progressive financial trajectory, highlighting the company's efforts to optimize its asset base and improve profitability. Overall, the movement from negative to positive ROA and the steady increase suggest a strengthening financial position and improved operational performance of Api Group Corp over the analyzed period.
Peer comparison
Dec 31, 2024