Integer Holdings Corp (ITGR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 90,650 | 66,377 | 96,808 | 77,258 | 96,336 |
| Total assets | US$ in thousands | 2,942,650 | 2,794,390 | 2,582,220 | 2,371,860 | 2,353,090 |
| ROA | 3.08% | 2.38% | 3.75% | 3.26% | 4.09% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $90,650K ÷ $2,942,650K
= 3.08%
Integer Holdings Corp's return on assets (ROA) has shown fluctuations over the past five years. The ROA decreased from 4.09% in 2019 to 3.26% in 2020, indicating a decline in the company's ability to generate profits relative to its total assets. However, in 2021, the ROA improved to 3.75%, suggesting a better utilization of assets to generate profits.
In 2022, there was a further increase in ROA to 2.38%, indicating a slight decline in the company's performance compared to the previous year. The most recent data for 2023 shows a ROA of 3.08%, demonstrating a recovery in the company's profitability relative to its assets.
Overall, Integer Holdings Corp's ROA has shown variability, with some fluctuations in performance over the past five years. It is important for the company to continue monitoring and improving its asset utilization efficiency to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023