Generac Holdings Inc (GNRC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 316,315 | 214,606 | 399,502 | 550,494 | 350,576 |
| Total assets | US$ in thousands | 5,109,330 | 5,093,310 | 5,169,460 | 4,877,780 | 3,235,420 |
| ROA | 6.19% | 4.21% | 7.73% | 11.29% | 10.84% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $316,315K ÷ $5,109,330K
= 6.19%
Generac Holdings Inc's return on assets (ROA) has demonstrated fluctuations over the past five years. The ROA was at 10.84% on December 31, 2020, and showed a slight increase to 11.29% by December 31, 2021. However, there was a notable decline in ROA to 7.73% by December 31, 2022. Subsequently, the ROA further decreased to 4.21% by December 31, 2023. In the most recent period, as of December 31, 2024, the ROA improved to 6.19%.
This trend suggests that Generac Holdings Inc's ability to generate profits from its assets has varied, with a notable drop in ROA in 2023 before a partial recovery in the subsequent year. It would be important for stakeholders to monitor the company's asset utilization and profitability to assess its overall financial performance and efficiency in the utilization of resources.
Peer comparison
Dec 31, 2024