Dover Corporation (DOV)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,697,123 | 1,557,405 | 1,500,058 | 1,460,475 | 1,056,828 | 1,024,145 | 1,020,418 | 1,067,797 | 1,065,376 | 1,164,582 | 1,142,312 | 1,117,202 | 1,123,818 | 943,139 | 879,683 | 739,941 | 683,451 | 669,467 | 675,173 | 748,492 |
| Total assets | US$ in thousands | 12,509,200 | 11,913,000 | 11,291,800 | 11,987,000 | 11,348,500 | 10,772,100 | 10,901,600 | 10,804,600 | 10,896,500 | 10,652,300 | 10,807,400 | 10,501,000 | 10,403,600 | 9,902,980 | 9,630,000 | 9,270,890 | 9,152,070 | 8,985,970 | 9,114,130 | 8,944,250 |
| ROA | 21.56% | 13.07% | 13.28% | 12.18% | 9.31% | 9.51% | 9.36% | 9.88% | 9.78% | 10.93% | 10.57% | 10.64% | 10.80% | 9.52% | 9.13% | 7.98% | 7.47% | 7.45% | 7.41% | 8.37% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,697,123K ÷ $12,509,200K
= 21.56%
Dover Corporation's return on assets (ROA) has shown fluctuating trends over the past few years based on the provided data. From March 31, 2020, to December 31, 2024, the ROA ranged from a low of 7.41% to a high of 21.56%. It started at 8.37% on March 31, 2020, witnessed a slight decrease in the following months, and then gradually increased to reach a peak of 21.56% on December 31, 2024.
The ROA performance reflects the company's ability to generate profits relative to its total assets. The increasing trend observed from September 2021 through September 2024 indicates improved efficiency in asset utilization and profitability. However, the sudden spike in ROA to 21.56% on December 31, 2024, may raise questions about the sustainability and underlying factors driving such a significant increase.
Overall, the ROA data suggests that Dover Corporation has been effectively managing its assets to generate returns for its shareholders. Investors and stakeholders should continue monitoring future ROA figures to assess the company's ongoing performance and financial health.
Peer comparison
Dec 31, 2024