IDEX Corporation (IEX)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 596,100 | 617,500 | 587,100 | 586,700 | 586,900 | 575,700 | 512,700 | 476,700 | 449,400 | 431,668 | 419,816 | 388,480 | 377,778 | 373,560 | 374,906 | 417,251 | 425,521 | 426,808 | 427,966 | 421,883 |
| Total assets | US$ in thousands | 5,865,200 | 5,669,600 | 5,719,900 | 5,658,000 | 5,511,900 | 4,892,600 | 4,912,800 | 4,999,700 | 4,917,200 | 4,854,580 | 4,783,000 | 4,460,730 | 4,414,400 | 4,225,600 | 4,073,590 | 3,943,680 | 3,813,900 | 3,713,900 | 3,640,220 | 3,551,460 |
| ROA | 10.16% | 10.89% | 10.26% | 10.37% | 10.65% | 11.77% | 10.44% | 9.53% | 9.14% | 8.89% | 8.78% | 8.71% | 8.56% | 8.84% | 9.20% | 10.58% | 11.16% | 11.49% | 11.76% | 11.88% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $596,100K ÷ $5,865,200K
= 10.16%
The return on assets (ROA) for Idex Corporation has been relatively stable over the past eight quarters, ranging from 9.53% to 11.77%. The company's ROA measures the efficiency of utilizing its assets to generate profits, with higher percentages indicating better performance in this aspect. Overall, the ROA figures suggest that Idex Corporation has been consistently effective in generating returns from its assets, demonstrating a strong ability to generate profits relative to its total assets. Investors and stakeholders can view this as a positive indicator of the company's operational efficiency and effectiveness in utilizing its assets to drive profitability.
Peer comparison
Dec 31, 2023