Franklin Electric Co Inc (FELE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 180,309 | 193,272 | 187,332 | 153,860 | 100,460 |
| Total assets | US$ in thousands | 1,820,610,000 | 1,728,120 | 1,694,200 | 1,575,160 | 1,272,310 |
| ROA | 0.01% | 11.18% | 11.06% | 9.77% | 7.90% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $180,309K ÷ $1,820,610,000K
= 0.01%
The return on assets (ROA) of Franklin Electric Co Inc has shown an increasing trend over the past few years, starting at 7.90% as of December 31, 2020, and reaching 11.18% as of December 31, 2023. This upward trajectory indicates that the company has been able to generate more profit relative to its total assets. However, there was a significant decrease in ROA to 0.01% as of December 31, 2024, which could be a cause for concern. Further analysis would be needed to understand the reasons behind this drastic drop in ROA and assess the company's overall financial performance.
Peer comparison
Dec 31, 2024
Company name
Symbol
ROA
Franklin Electric Co Inc
FELE
0.01%
Generac Holdings Inc
GNRC
6.19%
Regal Beloit Corporation
RRX
1.40%