DXP Enterprises Inc (DXPE)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 68,812 | 59,958 | 57,715 | 53,094 | 48,156 | 41,885 | 35,081 | 28,767 | 16,496 | 12,533 | -29,258 | -34,950 | -29,269 | -23,987 | 23,788 | 34,820 | 36,059 | 44,959 | 40,250 | 38,691 |
| Total assets | US$ in thousands | 1,177,440 | 1,045,100 | 1,034,430 | 1,053,160 | 1,037,280 | 996,075 | 984,024 | 902,315 | 894,227 | 912,957 | 901,580 | 911,517 | 868,131 | 736,718 | 783,130 | 791,691 | 788,220 | 791,554 | 786,607 | 775,207 |
| ROA | 5.84% | 5.74% | 5.58% | 5.04% | 4.64% | 4.21% | 3.57% | 3.19% | 1.84% | 1.37% | -3.25% | -3.83% | -3.37% | -3.26% | 3.04% | 4.40% | 4.57% | 5.68% | 5.12% | 4.99% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $68,812K ÷ $1,177,440K
= 5.84%
The return on assets (ROA) for DXP Enterprises Inc has shown a fluctuating trend over the past five quarters. As of December 31, 2023, the ROA stands at 5.84%, indicating that the company generated 5.84 cents of profit for every dollar of assets it holds. This is an improvement compared to the previous quarter, September 30, 2023, where the ROA was 5.74%.
Looking further back, we observe that the ROA has been gradually increasing from negative values in 2021 to positive values in 2022 and 2023. This indicates that the company has been able to more effectively generate profits relative to its assets over time. However, it's important to note that there was a significant decline in ROA in the second quarter of 2021, dropping to -3.25%.
Overall, the recent uptrend in ROA suggests that DXP Enterprises Inc is managing its assets more efficiently to generate returns for its stakeholders. Nonetheless, ongoing monitoring of this ratio is recommended to assess the sustainability of this performance.
Peer comparison
Dec 31, 2023