LCI Industries (LCII)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	64,195	394,974	287,739	158,440	146,509
Total assets	US$ in thousands	2,959,320	3,246,910	3,288,090	2,298,030	1,862,600
ROA		2.17%	12.16%	8.75%	6.89%	7.87%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $64,195K ÷ $2,959,320K
= 2.17%

The Return on Assets (ROA) of LCI Industries has exhibited fluctuations over the past five years. In particular, ROA decreased substantially from 12.16% in 2022 to 2.17% in 2023. This sharp decline raises concerns about the company's ability to effectively utilize its assets to generate profits. The 2023 ROA is notably lower than the figures from 2021 and 2020, indicating a potential deterioration in the company's asset efficiency. Further analysis and investigation are warranted to understand the underlying factors contributing to this decline in ROA.