Amphenol Corporation (APH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,928,000 | 1,902,300 | 1,590,800 | 1,203,400 | 1,155,000 |
| Total assets | US$ in thousands | 16,526,400 | 15,326,200 | 14,678,400 | 12,327,300 | 10,815,500 |
| ROA | 11.67% | 12.41% | 10.84% | 9.76% | 10.68% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,928,000K ÷ $16,526,400K
= 11.67%
Amphenol Corp.'s return on assets (ROA) has fluctuated over the past five years. The company's ROA was 11.67% at the end of 2023, down from 12.41% in 2022 but higher than the 10.84% seen in 2021. The ROA in 2020 was 9.76%, and in 2019, it was 10.68%.
Overall, the trend indicates that Amphenol Corp. has been able to generate a reasonable return on its assets, with ROA consistently above 9% over the period. The slight decrease in 2023 compared to 2022 may indicate a dip in efficiency in generating profits from its assets. Further analysis of the company's asset management efficiency and profitability may be warranted to understand the drivers behind these variations in ROA.