Granite Construction Incorporated (GVA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 126,346 | 43,599 | 83,302 | -8,259 | -166,181 |
| Total assets | US$ in thousands | 3,025,660 | 2,813,540 | 2,167,930 | 2,494,930 | 2,380,000 |
| ROA | 4.18% | 1.55% | 3.84% | -0.33% | -6.98% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $126,346K ÷ $3,025,660K
= 4.18%
Granite Construction Incorporated's return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA was negative at -6.98% on December 31, 2020, indicating that the company's net income was insufficient to cover its total assets. However, there has been a gradual improvement in the ROA since then. By December 31, 2024, the ROA had increased to 4.18%, suggesting that the company's profitability relative to its assets has improved significantly. Overall, the positive trend in ROA indicates that Granite Construction Incorporated has been able to generate a more favorable return on its assets in recent years, reflecting potential improvements in operational efficiency and management effectiveness.
Peer comparison
Dec 31, 2024