Integer Holdings Corp (ITGR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 119,896 | 90,650 | 66,377 | 96,808 | 77,258 |
| Total assets | US$ in thousands | 3,077,970 | 2,942,650 | 2,794,390 | 2,582,220 | 2,371,860 |
| ROA | 3.90% | 3.08% | 2.38% | 3.75% | 3.26% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $119,896K ÷ $3,077,970K
= 3.90%
Integer Holdings Corp's return on assets (ROA) has shown some variability over the past five years. The ROA increased from 3.26% in December 2020 to 3.75% in December 2021, reflecting improved asset utilization and efficiency. However, there was a decline in ROA to 2.38% by December 2022, indicating potential challenges in generating profits from its assets.
Subsequently, the ROA recovered to 3.08% by December 2023, suggesting efforts to enhance profitability. The most recent data point shows a further improvement in ROA to 3.90% by December 2024, indicating a positive trend in effectively utilizing its assets to generate returns. Overall, Integer Holdings Corp's ROA trend demonstrates a mix of fluctuations and improvements, suggesting a need for sustained focus on asset management strategies to enhance overall financial performance.
Peer comparison
Dec 31, 2024