Integer Holdings Corp (ITGR)
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 | 90,650 | 82,410 | 71,210 | 68,075 | 66,377 | 72,049 | 78,058 | 86,655 | 96,808 | 88,446 | 96,722 | 67,678 | 77,258 | 72,875 | 73,119 | 105,787 | 96,356 | 104,508 | 65,619 | 55,618 |
| Total assets | US$ in thousands | 2,942,650 | 2,839,350 | 2,861,340 | 2,873,550 | 2,794,390 | 2,738,470 | 2,758,090 | 2,608,040 | 2,582,220 | 2,348,130 | 2,359,140 | 2,343,350 | 2,371,860 | 2,449,000 | 2,523,460 | 2,398,030 | 2,353,090 | 2,358,820 | 2,373,650 | 2,367,190 |
| ROA | 3.08% | 2.90% | 2.49% | 2.37% | 2.38% | 2.63% | 2.83% | 3.32% | 3.75% | 3.77% | 4.10% | 2.89% | 3.26% | 2.98% | 2.90% | 4.41% | 4.09% | 4.43% | 2.76% | 2.35% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $90,650K ÷ $2,942,650K
= 3.08%
Integer Holdings Corp's return on assets (ROA) has shown some fluctuations over the past eight quarters. In Q4 2023, the ROA increased to 3.08%, indicating that the company generated $3.08 in net income for every $100 of assets it possesses. This improvement from the previous quarter's ROA of 2.90% suggests enhanced asset utilization or profitability.
However, the ROA in Q4 2023 was still lower compared to Q1 2023 and Q4 2022, where the company achieved ROAs of 2.37% and 2.38% respectively. This indicates that while there has been recent improvement, Integer Holdings Corp's asset efficiency and profitability levels have not yet reached their peak levels seen in earlier quarters.
Overall, it is crucial for Integer Holdings Corp to continue monitoring and managing its assets efficiently to sustain or improve its ROA performance in the future.
Peer comparison
Dec 31, 2023