Armstrong World Industries Inc (AWI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 264,900 | 223,800 | 202,900 | 183,200 | -99,100 |
| Total assets | US$ in thousands | 1,842,700 | 1,672,400 | 1,687,200 | 1,710,000 | 1,718,500 |
| ROA | 14.38% | 13.38% | 12.03% | 10.71% | -5.77% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $264,900K ÷ $1,842,700K
= 14.38%
Armstrong World Industries Inc's return on assets (ROA) has demonstrated an upward trend over the years, indicating an improvement in the company's efficiency in generating profits relative to its assets. The ROA stood at -5.77% as of December 31, 2020, reflecting a negative return on assets. However, the company made significant progress, increasing its ROA to 10.71% by December 31, 2021. This positive trend continued as the ROA further improved to 12.03% by the end of 2022 and notably reached 13.38% by December 31, 2023. The latest available data shows Armstrong's ROA at 14.38% as of December 31, 2024, indicating that the company has been effectively utilizing its assets to drive profitability. Overall, the consistent growth in ROA suggests that Armstrong World Industries Inc has been successful in enhancing its asset efficiency and profitability over the analyzed period, which could be indicative of strong operational performance and effective management of resources.
Peer comparison
Dec 31, 2024