Brinks Company (BCO)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 162,900 | 87,700 | 170,600 | 105,200 | 22,700 |
| Total assets | US$ in thousands | 6,623,100 | 6,601,800 | 6,366,000 | 5,566,700 | 5,135,600 |
| ROA | 2.46% | 1.33% | 2.68% | 1.89% | 0.44% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $162,900K ÷ $6,623,100K
= 2.46%
The Return on Assets (ROA) of Brinks Company has displayed a positive trend over the past five years, indicating improvements in the company's asset utilization efficiency. As of December 31, 2020, the ROA stood at 0.44%, reflecting a modest return on the assets the company employed. Subsequently, there was a notable increase in ROA to 1.89% by December 31, 2021, signifying an enhancement in the company's ability to generate profit from its assets.
The positive momentum continued into 2022, with the ROA further improving to 2.68%, suggesting a more effective utilization of assets to generate profits. However, there was a slight decline in the ROA to 1.33% by December 31, 2023, which may indicate some challenges or changes in the company's asset performance during that period.
Nevertheless, by December 31, 2024, the ROA rebounded to 2.46%, surpassing the previous year's level and indicating a renewed efficiency in generating returns from the company's assets. Overall, the upward trajectory in ROA demonstrates Brinks Company's strengthening ability to maximize profitability in relation to the assets it holds.
Peer comparison
Dec 31, 2024