Belden Inc (BDC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 242,759 | 254,663 | 63,925 | -55,162 | -377,015 |
| Total assets | US$ in thousands | 3,240,190 | 3,161,680 | 3,417,680 | 3,139,730 | 3,406,760 |
| ROA | 7.49% | 8.05% | 1.87% | -1.76% | -11.07% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $242,759K ÷ $3,240,190K
= 7.49%
The return on assets (ROA) for Belden Inc has shown a positive trend over the past five years, increasing from -11.61% in 2019 to 7.49% in 2023. This indicates that the company's ability to generate profits from its assets has improved significantly. The ROA was negative in 2020 but turned positive in subsequent years, reaching its peak in 2022 at 8.05%.
Overall, the increasing trend in ROA reflects improved efficiency in asset utilization and profitability for Belden Inc. It suggests that the company has been more effective in generating earnings relative to its total assets in recent years, which is a positive sign for investors and stakeholders.
Peer comparison
Dec 31, 2023