JBTMarel Corp (JBTM)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 85,400 | 582,600 | 137,400 | 119,100 | 108,800 |
| Total assets | US$ in thousands | 3,413,800 | 2,710,400 | 2,641,000 | 2,141,400 | 1,805,900 |
| ROA | 2.50% | 21.49% | 5.20% | 5.56% | 6.02% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $85,400K ÷ $3,413,800K
= 2.50%
The analysis of JBTMarel Corp’s return on assets (ROA) over the period from December 31, 2020, to December 31, 2024, reveals notable fluctuations in this profitability metric.
In 2020, the ROA was recorded at 6.02%, indicating a moderate level of efficiency in generating net income from the company's total assets. The following year, 2021, experienced a decline to 5.56%, reflecting a slight decrease in asset utilization or profitability metrics relative to the prior year. This downward trend persisted into 2022, with the ROA decreasing further to 5.20%, suggesting a continued pressure on the company's ability to efficiently convert assets into profit.
A substantial deviation occurred in 2023, with the ROA experiencing a significant surge to 21.49%. This marked increase indicates a period of remarkably enhanced asset efficiency, potentially driven by factors such as improved operational performance, restructuring, or exceptional income streams that substantially amplified net income relative to the asset base.
However, the subsequent year, 2024, saw a dramatic decline in ROA to 2.50%. This sharp decrease could imply a reduction in profitability, increased asset base, or operational challenges impacting net income. The stark contrast between the peak in 2023 and the decline in 2024 suggests that the prior year’s elevated asset return was likely driven by specific factors that were not sustained, leading to a normalization or deterioration in asset efficiency.
Overall, the trend demonstrates periods of relative stability followed by a pronounced anomaly in 2023, followed by a reversion to lower profitability levels in 2024. The data indicates a company that experienced a transient phase of exceptional asset utilization in 2023, but the general trajectory outside that year reflects a modest to moderate level of efficiency in asset utilization in the other years observed.
Peer comparison
Dec 31, 2024