Boise Cascad Llc (BCC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 483,656 | 857,658 | 712,486 | 174,979 | 80,925 |
| Total assets | US$ in thousands | 3,458,650 | 3,240,510 | 2,572,640 | 1,965,720 | 1,693,350 |
| ROA | 13.98% | 26.47% | 27.69% | 8.90% | 4.78% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $483,656K ÷ $3,458,650K
= 13.98%
Boise Cascade Co's return on assets (ROA) has exhibited fluctuations over the five-year period from 2019 to 2023. The ROA decreased to 4.78% in 2019, indicating lower efficiency in generating profits from its assets. However, the company's ROA showed significant improvement in the following years, reaching 8.90% in 2020, 27.69% in 2021, and peaking at 26.47% in 2022. These substantial increases suggest enhanced profitability and asset utilization by the company during these years.
In 2023, Boise Cascade Co's ROA decreased to 13.98%, reflecting a decline in the efficiency of utilizing its assets to generate earnings compared to the previous year. Despite the reduction, the ROA remains at a relatively healthy level, indicating that the company is still effectively utilizing its assets to generate profits.
Overall, Boise Cascade Co's ROA performance has shown variability over the years, with a notable improvement in profitability and asset efficiency between 2020 and 2022. However, the slight decrease in ROA in 2023 may warrant further scrutiny to understand the factors influencing the company's profitability and asset utilization.
Peer comparison
Dec 31, 2023