Balchem Corporation (BCPC)
Return on assets (ROA)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 128,475 | 108,543 | 105,367 | 96,104 | 84,623 |
Total assets | US$ in thousands | 1,575,370 | 1,597,210 | 1,624,510 | 1,199,320 | 1,165,840 |
ROA | 8.16% | 6.80% | 6.49% | 8.01% | 7.26% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $128,475K ÷ $1,575,370K
= 8.16%
Based on the data provided, Balchem Corporation's return on assets (ROA) has shown some fluctuations over the past five years. In December 2020, the ROA was 7.26%, which increased to 8.01% by December 2021, showcasing an improvement in the company's ability to generate profits relative to its assets.
However, in December 2022, the ROA decreased to 6.49%, indicating a slight decline in efficiency in utilizing its assets to generate earnings. The ROA saw a marginal increase to 6.80% by December 2023, suggesting a modest recovery in asset performance.
By December 2024, Balchem Corporation's ROA rose to 8.16%, reaching a level higher than the initial point in 2020. This improvement indicates that the company has been able to enhance its profitability relative to its total assets over the years, showcasing positive momentum in its asset utilization efficiency and overall financial performance.
Peer comparison
Dec 31, 2024