Arrow Electronics Inc (ARW)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 903,505 | 1,058,370 | 1,202,110 | 1,335,885 | 1,426,884 | 1,448,690 | 1,396,318 | 1,266,625 | 1,108,197 | 973,060 | 849,093 | 741,256 | 584,438 | 460,380 | 386,451 | -295,319 | -204,087 | -85,447 | -1,045 | 717,836 |
| Total assets | US$ in thousands | 21,726,200 | 20,638,400 | 20,535,900 | 20,276,500 | 21,763,200 | 20,505,700 | 19,894,400 | 19,512,900 | 19,535,500 | 17,430,500 | 16,842,800 | 16,173,600 | 17,053,900 | 15,496,600 | 15,604,500 | 15,391,500 | 16,400,800 | 15,689,700 | 16,024,400 | 16,830,800 |
| ROA | 4.16% | 5.13% | 5.85% | 6.59% | 6.56% | 7.06% | 7.02% | 6.49% | 5.67% | 5.58% | 5.04% | 4.58% | 3.43% | 2.97% | 2.48% | -1.92% | -1.24% | -0.54% | -0.01% | 4.27% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $903,505K ÷ $21,726,200K
= 4.16%
Return on Assets (ROA) is a key financial ratio that measures a company's profitability by evaluating its ability to generate earnings from its assets. Arrow Electronics Inc.'s ROA has shown a downward trend over the last eight quarters, declining from 7.02% in Q2 2022 to 4.16% in Q4 2023.
A higher ROA indicates that the company is more efficient in utilizing its assets to generate profits. The decreasing trend in Arrow Electronics Inc.'s ROA suggests a potential decrease in its profitability relative to its asset base.
It is important for investors and stakeholders to closely monitor Arrow Electronics Inc.'s ROA to assess its operational efficiency and financial performance over time. Further analysis, such as comparing the company's ROA to industry peers or historical trends, can provide additional insights into its overall financial health and performance.
Peer comparison
Dec 31, 2023