Everus Construction Group Inc (ECG)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 118,783 | 124,781 | 109,402 |
| Total assets | US$ in thousands | 1,110,580 | 1,135,590 | — |
| ROA | 10.70% | 10.99% | — |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $118,783K ÷ $1,110,580K
= 10.70%
The return on assets (ROA) for Everus Construction Group Inc has shown a slight decline from 10.99% in 2022 to 10.70% in 2023. ROA measures the company's ability to generate profit from its assets, indicating that for every dollar of assets, Everus Construction Group Inc generated 10.70% in profits in 2023. Despite the slight decrease, the company's ROA remains positive, indicating efficiency in asset utilization to generate profits. It is noteworthy that data for 2021 is not available for comparison. Leadership may seek to maintain or improve ROA in the future to ensure continued profitability and effective asset management.
Peer comparison
Dec 31, 2023