ESAB Corp (ESAB)
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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 205,285 | 215,753 | 210,537 | 200,213 | 223,747 | |||
| Total assets | US$ in thousands | 3,828,630 | 3,756,040 | 3,862,840 | 3,849,140 | 3,754,020 | 3,539,900 | 3,673,700 | 3,781,350 |
| ROA | 5.36% | 5.74% | 5.45% | 5.20% | 5.96% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $205,285K ÷ $3,828,630K
= 5.36%
ESAB Corp's return on assets (ROA) has shown relative stability over the past five quarters, ranging from 5.16% in Q1 2023 to 5.92% in Q4 2022. This indicates that the company is effectively generating profits from its assets, with a slight decrease in Q1 2023 followed by a moderate improvement in subsequent quarters. The average ROA for this period is approximately 5.50%, suggesting a consistent performance in utilizing its assets to generate earnings. Overall, ESAB Corp's ROA demonstrates a solid financial health and efficiency in utilizing its assets to generate returns for its shareholders.
Peer comparison
Dec 31, 2023