IDEXX Laboratories Inc (IDXX)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 887,867 845,042 679,089 744,845 581,776
Total assets US$ in thousands 3,293,440 3,259,920 2,746,760 2,437,200 2,294,560
ROA 26.96% 25.92% 24.72% 30.56% 25.35%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $887,867K ÷ $3,293,440K
= 26.96%

Over the past five years, IDEXX Laboratories Inc has shown a consistently strong return on assets (ROA) performance. The ROA has demonstrated an upward trend from 25.35% on December 31, 2020, to 26.96% on December 31, 2024. This indicates that the company has been effectively utilizing its assets to generate profits for its stakeholders.

The highest ROA was observed on December 31, 2021, at 30.56%, which suggests that IDEXX Laboratories Inc was able to efficiently generate income relative to the total assets employed during that year. Despite a slight dip in ROA in 2022 to 24.72%, the company quickly rebounded and maintained profitability, exceeding the initial ROA level by the end of 2024.

Overall, IDEXX Laboratories Inc's consistent and generally increasing ROA performance reflects its ability to manage its assets effectively and generate profits efficiently. This trend indicates a strong financial performance and operational efficiency within the company, which may be appealing to investors and stakeholders seeking stable returns and sustainable growth.