Dover Corporation (DOV)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,697,130 | 1,056,830 | 1,065,380 | 1,123,820 | 683,451 |
| Total assets | US$ in thousands | 12,509,200 | 11,348,500 | 10,896,500 | 10,403,600 | 9,152,070 |
| ROA | 21.56% | 9.31% | 9.78% | 10.80% | 7.47% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $2,697,130K ÷ $12,509,200K
= 21.56%
The return on assets (ROA) for Dover Corporation has shown a positive trend over the years, indicating an improvement in the company's ability to generate profits relative to its total assets.
As of December 31, 2020, the ROA was 7.47%, reflecting a modest return on investment. However, by December 31, 2021, the ROA increased to 10.80%, signifying a more efficient utilization of assets to generate earnings.
In the following years, the ROA remained relatively stable at 9.78% as of December 31, 2022, and 9.31% as of December 31, 2023, indicating consistent profitability relative to assets.
The most significant improvement in ROA was observed as of December 31, 2024, reaching an impressive 21.56%. This substantial increase suggests that Dover Corporation significantly enhanced its profitability in relation to its asset base, possibly through effective management of assets and operational efficiency.
Overall, the upward trend in ROA highlights Dover Corporation's ability to maximize returns on its assets, indicating a positive financial performance and a potentially strong operating efficiency.
Peer comparison
Dec 31, 2024