CTS Corporation (CTS)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 58,114 | 60,532 | 59,575 | -41,866 | 34,686 |
| Total assets | US$ in thousands | 766,112 | 741,167 | 748,487 | 664,462 | 626,049 |
| ROA | 7.59% | 8.17% | 7.96% | -6.30% | 5.54% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $58,114K ÷ $766,112K
= 7.59%
To analyze CTS Corporation's return on assets (ROA) over the years, we observe a fluctuating trend. The ROA was 5.54% on December 31, 2020, indicating that the company generated $0.0554 in profit for every dollar of assets. However, it decreased significantly to -6.30% on December 31, 2021, implying a loss on assets that year.
Subsequently, the ROA improved to 7.96% on December 31, 2022, signaling a better utilization of assets to generate profit. This positive trend continued with ROA reaching 8.17% on December 31, 2023, indicating further improvement in asset profitability.
On December 31, 2024, the ROA slightly decreased to 7.59%, but it remained at a satisfactory level, which suggests that the company efficiently utilized its assets to generate profits. Overall, despite some fluctuations, CTS Corporation's ROA showed a positive trend over the years, indicating effective management of assets to generate returns.
Peer comparison
Dec 31, 2024