ITT Inc (ITT)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 518,300 410,500 367,000 316,300 72,500
Total assets US$ in thousands 4,710,700 3,932,600 3,780,300 3,565,400 4,277,600
ROA 11.00% 10.44% 9.71% 8.87% 1.69%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $518,300K ÷ $4,710,700K
= 11.00%

ITT Inc's Return on Assets (ROA) has shown a positive trend over the past five years, increasing from 1.69% as of December 31, 2020, to 11.00% as of December 31, 2024. This indicates that the company has been able to generate higher levels of profit relative to its assets over this period. The consistent growth in ROA reflects management's effective utilization of the company's assets to generate profits, which is a positive sign for investors and stakeholders. Overall, the increasing trend in ROA suggests that ITT Inc has been improving its operational efficiency and is becoming more successful in generating earnings from its asset base.