Flowserve Corporation (FLS)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	186,743	188,689	125,949	130,420	238,828
Total assets	US$ in thousands	5,108,720	4,790,630	4,749,770	5,314,680	4,938,280
ROA		3.66%	3.94%	2.65%	2.45%	4.84%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $186,743K ÷ $5,108,720K
= 3.66%

Flowserve Corp.'s return on assets (ROA) has fluctuated over the past five years. The ROA was highest in 2019 at 5.16% before decreasing to 2.19% in 2020. Subsequently, the ROA increased to 2.65% in 2021 and further improved to 3.94% in 2022. However, there was a slight decline in ROA to 3.66% in 2023. Overall, the company's ROA demonstrates some volatility but has generally shown improvement over the years. It is essential for Flowserve Corp. to continue monitoring its asset management efficiency to ensure sustained profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

Flowserve Corporation

FLS

3.66%