Benchmark Electronics Inc (BHE)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	64,315	68,229	35,770	14,055	23,425
Total assets	US$ in thousands	2,274,760	2,227,330	1,903,880	1,744,240	1,759,870
ROA		2.83%	3.06%	1.88%	0.81%	1.33%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $64,315K ÷ $2,274,760K
= 2.83%

Benchmark Electronics Inc.'s return on assets (ROA) has shown variability over the past five years. In 2023, the ROA was 2.83%, slightly lower compared to 3.06% in 2022. This indicates a slight decline in the company's ability to generate profit from its assets compared to the previous year. Despite the decrease, the ROA in 2023 remains above the levels seen in 2020 and 2019, indicating improved performance in asset utilization.

Overall, Benchmark Electronics Inc. has been able to maintain a relatively stable ROA range between 1.88% to 3.06% over the past five years. This suggests that the company has been effectively managing its assets to generate profits, albeit with some fluctuations in performance. Investors and stakeholders may continue to monitor the company's ROA to assess its efficiency in utilizing assets to generate returns.