Columbia Sportswear Company (COLM)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	251,400	311,440	354,108	108,013	330,489
Total assets	US$ in thousands	2,939,010	3,051,550	3,067,130	2,836,570	2,931,590
ROA		8.55%	10.21%	11.55%	3.81%	11.27%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $251,400K ÷ $2,939,010K
= 8.55%

Columbia Sportswear Co.'s return on assets (ROA) has fluctuated over the past five years, ranging from 3.81% in 2020 to 11.55% in 2021. The ROA decreased to 8.55% in 2023 from 10.21% in 2022. This indicates that the company's profitability relative to its total assets has decreased in the most recent year compared to the previous year. It is essential for the company to closely monitor its asset management and operational efficiency to improve its ROA and enhance overall financial performance.