Inter Parfums Inc (IPAR)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	152,654	120,938	87,411	38,219	60,249
Total assets	US$ in thousands	1,369,330	1,308,540	1,145,360	890,145	828,832
ROA		11.15%	9.24%	7.63%	4.29%	7.27%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $152,654K ÷ $1,369,330K
= 11.15%

Inter Parfums, Inc.'s return on assets (ROA) has been demonstrating a positive trend over the years, indicating efficient utilization of its assets to generate profits. The company's ROA increased from 7.27% in 2019 to 11.15% in 2023, showing steady improvement. This suggests that management has been effective in optimizing the use of its assets to generate profits for the company and its shareholders. It is essential to monitor the trend to ensure continued operational efficiency and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

Inter Parfums Inc

IPAR

11.15%

Colgate-Palmolive Company

Estee Lauder Companies Inc