IDEX Corporation (IEX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 677,200 | 732,500 | 751,400 | 637,000 | 520,713 |
| Total assets | US$ in thousands | 6,745,300 | 5,865,200 | 5,511,900 | 4,917,200 | 4,414,400 |
| Operating ROA | 10.04% | 12.49% | 13.63% | 12.95% | 11.80% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $677,200K ÷ $6,745,300K
= 10.04%
IDEX Corporation's operating return on assets (operating ROA) has shown a generally positive trend over the years, increasing from 11.80% as of December 31, 2020, to a peak of 13.63% as of December 31, 2022. However, there was a slight decline in the operating ROA to 12.49% as of December 31, 2023, followed by a more significant drop to 10.04% as of December 31, 2024.
This indicates that the company's operating performance in generating profits from its assets improved initially but then faced challenges in maintaining the same level of efficiency in recent years. It would be important for IDEX Corporation to assess the factors contributing to this decline in operating ROA and implement strategies to improve efficiency and profitability in the future.
Peer comparison
Dec 31, 2024