Franklin Electric Co Inc (FELE)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 180,309 | 185,203 | 188,405 | 188,906 | 193,272 | 194,302 | 194,928 | 194,692 | 187,032 | 188,120 | 175,568 | 155,345 | 153,560 | 139,687 | 132,187 | 117,497 | 100,260 | 93,241 | 88,576 | 96,670 |
| Total assets | US$ in thousands | 1,820,610 | 1,807,240 | 1,784,350 | 1,773,110 | 1,728,120 | 1,725,300 | 1,803,080 | 1,803,450 | 1,694,200 | 1,715,010 | 1,751,540 | 1,683,190 | 1,575,160 | 1,545,980 | 1,510,840 | 1,281,680 | 1,272,310 | 1,201,440 | 1,151,330 | 1,149,530 |
| ROA | 9.90% | 10.25% | 10.56% | 10.65% | 11.18% | 11.26% | 10.81% | 10.80% | 11.04% | 10.97% | 10.02% | 9.23% | 9.75% | 9.04% | 8.75% | 9.17% | 7.88% | 7.76% | 7.69% | 8.41% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $180,309K ÷ $1,820,610K
= 9.90%
To analyze Franklin Electric Co Inc's return on assets (ROA) over the specified periods, we observe a generally upward trend in ROA from March 31, 2020, to December 31, 2022, indicating improvement in the company's ability to generate profit from its assets. The ROA increased steadily from 8.41% in March 2020 to 11.04% in December 2022, reflecting favorable efficiency in asset utilization.
Subsequently, from March 31, 2023, to December 31, 2024, there was a slight fluctuation in ROA within the range of 10.25% to 11.26%. Despite minor fluctuations, the ROA remained relatively stable around the 10% mark during this period, suggesting continued efficiency in generating earnings from assets.
Overall, Franklin Electric Co Inc has shown a consistent and positive performance in terms of ROA, with a progressive improvement in asset efficiency up until the end of 2022, followed by a period of relative stability in ROA levels. This indicates the company's ability to effectively utilize its assets to generate returns for its stakeholders.
Peer comparison
Dec 31, 2024