Fortinet Inc (FTNT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,745,200 | 1,147,800 | 857,300 | 606,800 | 488,500 |
| Total assets | US$ in thousands | 9,763,100 | 7,258,900 | 6,228,000 | 5,919,100 | 4,044,500 |
| ROA | 17.88% | 15.81% | 13.77% | 10.25% | 12.08% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,745,200K ÷ $9,763,100K
= 17.88%
The return on assets (ROA) for Fortinet Inc has shown a positive trend over the years, increasing from 12.08% in December 2020 to 17.88% in December 2024. This indicates that the company has been able to generate higher profits relative to its total assets, reflecting efficient asset utilization and effective management. The steady rise in ROA suggests improved operational efficiency and profitability, which could be attributed to effective cost management, revenue growth, or strategic investments. Overall, the increasing ROA is a positive indicator of Fortinet Inc's financial health and ability to generate earnings from its assets.
Peer comparison
Dec 31, 2024