Everus Construction Group Inc (ECG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 143,421 | 118,783 | 124,781 | 109,402 |
| Total assets | US$ in thousands | 1,288,460 | 1,110,580 | 1,135,590 | — |
| ROA | 11.13% | 10.70% | 10.99% | — |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $143,421K ÷ $1,288,460K
= 11.13%
Based on the provided data for Everus Construction Group Inc's Return on Assets (ROA) as of December 31 for the years 2022, 2023, and 2024, the company's ROA has shown consistent improvement or maintenance at a relatively healthy level. In 2022, the ROA stood at 10.99%, which increased slightly to 11.13% by the end of 2024, with a minor dip to 10.70% in 2023.
This indicates that Everus Construction Group Inc is effectively utilizing its assets to generate profits over the years, as a higher ROA percentage signifies a more efficient utilization of assets to generate earnings. The company's ability to maintain or improve its ROA suggests good management of its assets, showcasing the company's efficiency in generating profits relative to its total assets.
Overall, the trend of stable to improving ROA reflects positively on Everus Construction Group Inc's operational efficiency and financial performance during the specified period. However, it is important to compare these ROA figures with industry benchmarks and consider other financial metrics to gain a more comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2024