DXP Enterprises Inc (DXPE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 70,399 | 68,812 | 48,155 | 16,496 | -29,074 |
| Total assets | US$ in thousands | 1,349,490 | 1,177,440 | 1,037,280 | 906,192 | 851,861 |
| ROA | 5.22% | 5.84% | 4.64% | 1.82% | -3.41% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $70,399K ÷ $1,349,490K
= 5.22%
Based on the data provided, the return on assets (ROA) of DXP Enterprises Inc has shown a positive trend over the past five years. The ROA was -3.41% as of December 31, 2020, indicating that the company had a negative return on its assets that year. However, the ROA improved significantly to 1.82% by December 31, 2021, and continued to increase to 4.64% by December 31, 2022.
The company's performance further improved with a ROA of 5.84% as of December 31, 2023, indicating that DXP Enterprises Inc was generating a higher return on its assets relative to the previous year. However, there was a slight decrease in the ROA to 5.22% by December 31, 2024.
Overall, the positive trend in DXP Enterprises Inc's ROA indicates that the company has been more efficient in generating profits relative to its assets over the years, with some fluctuations in performance. This trend suggests that the company's asset utilization and profitability may have improved, which is a positive sign for investors and stakeholders.
Peer comparison
Dec 31, 2024