Benchmark Electronics Inc (BHE)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	63,327	62,456	67,494	65,957	64,315	67,982	66,399	69,629	68,229	59,429	48,665	38,813	35,770	31,046	28,896	18,120	14,055	-571	650	13,504
Total assets	US$ in thousands	2,139,460	2,149,000	2,154,740	2,212,810	2,274,760	2,333,140	2,307,460	2,278,650	2,227,330	2,276,510	2,166,780	2,002,560	1,903,880	1,840,370	1,818,790	1,760,750	1,744,240	1,734,510	1,758,040	1,823,380
ROA		2.96%	2.91%	3.13%	2.98%	2.83%	2.91%	2.88%	3.06%	3.06%	2.61%	2.25%	1.94%	1.88%	1.69%	1.59%	1.03%	0.81%	-0.03%	0.04%	0.74%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $63,327K ÷ $2,139,460K
= 2.96%

Benchmark Electronics Inc's return on assets (ROA) has shown a generally positive trend over the past few years, starting at 0.74% as of March 31, 2020, and increasing to 2.96% by December 31, 2024. The ROA indicates the company's ability to generate profit from its assets, with higher percentages reflecting better performance.

Throughout the period, there were fluctuations in the ROA, with some quarters showing decreases such as in September 30, 2020, and June 30, 2021. However, overall, the trend was upward, indicating improving efficiency in utilizing assets to generate earnings.

The ROA peaked at 3.13% as of June 30, 2024, before slightly dropping to 2.96% by December 31, 2024. This peak suggests that Benchmark Electronics Inc was able to maximize its asset utilization during that period.

Overall, the increasing trend in ROA over the years signals improving profitability and efficiency in managing assets, which is a positive indicator for investors and stakeholders in evaluating the company's financial performance.