PC Connection Inc (CNXN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 83,271 | 89,219 | 69,906 | 55,765 | 82,111 |
| Total assets | US$ in thousands | 1,188,380 | 1,099,830 | 1,083,380 | 1,015,370 | 937,335 |
| ROA | 7.01% | 8.11% | 6.45% | 5.49% | 8.76% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $83,271K ÷ $1,188,380K
= 7.01%
PC Connection Inc has shown a fluctuating trend in its return on assets (ROA) over the past five years. The ROA was 8.76% in 2019, declined to 5.49% in 2020, then increased to 6.45% in 2021, further improved to 8.11% in 2022, and slightly decreased to 7.01% in 2023.
Overall, the company's ROA has shown some volatility, with fluctuations in performance. A higher ROA indicates that the company is efficient in generating profits from its assets, while a lower ROA suggests inefficiency. PC Connection Inc's ROA remains positive throughout the period, indicating that the company is generating a profit from its assets, albeit with some variability in performance. Further analysis of the company's operations and asset management strategies may be warranted to understand the factors contributing to these fluctuating ROA values.
Peer comparison
Dec 31, 2023