General Dynamics Corporation (GD)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,782,000 | 3,315,000 | 3,390,000 | 3,257,000 | 3,167,000 |
| Total assets | US$ in thousands | 55,880,000 | 54,810,000 | 51,585,000 | 50,073,000 | 51,308,000 |
| ROA | 6.77% | 6.05% | 6.57% | 6.50% | 6.17% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $3,782,000K ÷ $55,880,000K
= 6.77%
General Dynamics Corporation's return on assets (ROA) has shown a consistent upward trend from 6.17% in December 2020 to 6.77% in December 2024. This indicates that the company is effectively generating profits relative to its total assets over the years analyzed. The improvement in ROA suggests that General Dynamics has been able to efficiently utilize its assets to generate earnings. A higher ROA signifies better asset utilization and operational efficiency, which is a positive indicator of the company's overall financial health and performance.
Peer comparison
Dec 31, 2024
Company name
Symbol
ROA
General Dynamics Corporation
GD
6.77%
Huntington Ingalls Industries Inc
HII
4.53%