IDEXX Laboratories Inc (IDXX)

Return on assets (ROA)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Net income (ttm) US$ in thousands 887,867 866,239 845,629 866,567 845,042 822,728 791,435 699,178 679,089 669,653 663,950 734,553 744,845 756,864 727,848 674,206 581,776 497,482 460,100 436,866
Total assets US$ in thousands 3,293,440 3,350,770 3,414,870 3,353,520 3,259,920 3,086,400 2,870,810 2,808,400 2,746,760 2,640,070 2,607,180 2,592,690 2,437,200 2,385,740 2,412,150 2,327,380 2,294,560 2,047,410 1,960,710 1,886,240
ROA 26.96% 25.85% 24.76% 25.84% 25.92% 26.66% 27.57% 24.90% 24.72% 25.36% 25.47% 28.33% 30.56% 31.72% 30.17% 28.97% 25.35% 24.30% 23.47% 23.16%

December 31, 2024 calculation

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

The return on assets (ROA) for IDEXX Laboratories Inc has shown a generally increasing trend over the past few years, with some fluctuations. Starting at 23.16% in March 2020, the ROA increased steadily to reach its peak at 31.72% in September 2021. However, by the end of December 2022, there was a slight decline to 24.72%.

The ROA saw some variability in the following periods, with fluctuations between 24.90% and 27.57%. As of December 2024, the ROA stands at 26.96%, indicating that the company is generating approximately $0.27 in profit for every dollar of assets it has.

Overall, IDEXX Laboratories Inc has been effectively utilizing its assets to generate profitability, with the ROA showing a positive trend, although with some fluctuations in recent periods. This trend suggests efficient management of assets to generate profit for the company and its shareholders.