Itron Inc (ITRI)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 239,105 96,923 -9,732 -81,255 -57,955
Total assets US$ in thousands 3,407,620 2,604,260 2,378,080 2,393,790 2,607,020
ROA 7.02% 3.72% -0.41% -3.39% -2.22%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $239,105K ÷ $3,407,620K
= 7.02%

The return on assets (ROA) for Itron Inc has shown a fluctuating trend over the past five years. In December 31, 2020 and December 31, 2021, the ROA was negative at -2.22% and -3.39% respectively, indicating that the company was not efficiently utilizing its assets to generate profits during those periods.

However, the ROA improved in the following years, reaching -0.41% in December 31, 2022, 3.72% in December 31, 2023, and 7.02% in December 31, 2024. This suggests that Itron Inc became more effective in generating earnings from its assets in these later years.

Overall, the ROA for Itron Inc has displayed a mixed performance, with a turnaround from negative values to positive values in the latter years. This indicates potential improvements in the company's asset management efficiency and profitability over time.