IDEX Corporation (IEX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 596,100 | 586,900 | 449,400 | 377,800 | 425,500 |
| Total assets | US$ in thousands | 5,865,200 | 5,511,900 | 4,917,200 | 4,414,400 | 3,813,900 |
| ROA | 10.16% | 10.65% | 9.14% | 8.56% | 11.16% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $596,100K ÷ $5,865,200K
= 10.16%
Idex Corporation's return on assets (ROA) has shown fluctuating trends over the past five years. ROA indicates how efficiently the company is generating profits from its total assets. The ROA for the most recent year, ended December 31, 2023, was 10.16%. This was a decrease compared to the previous year (10.65% in 2022) but higher than in 2021 (9.14%) and 2020 (8.56%). Notably, the ROA in 2019 was the highest at 11.16%.
The overall trend shows that Idex Corporation has been able to maintain a relatively healthy ROA, demonstrating effective asset utilization and profitability. However, it is essential to monitor trends in ROA over time to assess the company's ability to efficiently generate profits from its assets and make informed investment decisions.
Peer comparison
Dec 31, 2023