Topbuild Corp (BLD)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 622,602 | 614,254 | 555,989 | 324,016 | 247,023 |
| Total assets | US$ in thousands | 4,735,430 | 5,162,850 | 4,606,830 | 4,258,530 | 2,815,280 |
| ROA | 13.15% | 11.90% | 12.07% | 7.61% | 8.77% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $622,602K ÷ $4,735,430K
= 13.15%
Based on the provided data, Topbuild Corp's return on assets (ROA) has shown fluctuation over the years. In 2020, the ROA was 8.77%, which decreased to 7.61% in 2021. However, there was a significant improvement in 2022 with an ROA of 12.07%, followed by a slight decrease to 11.90% in 2023. The most recent data point for 2024 indicates a further increase in ROA to 13.15%.
Overall, the trend in Topbuild Corp's ROA has been positive, demonstrating the company's ability to generate earnings relative to its total assets. The increase in ROA in recent years suggests that the company is utilizing its assets more efficiently to generate profits. It is important for investors and stakeholders to monitor this ratio to gauge the company's performance and efficiency in utilizing its assets effectively.