LCI Industries (LCII)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	142,867	64,195	394,974	287,739	158,440
Total assets	US$ in thousands	2,894,740	2,959,320	3,246,910	3,288,090	2,298,030
ROA		4.94%	2.17%	12.16%	8.75%	6.89%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $142,867K ÷ $2,894,740K
= 4.94%

The return on assets (ROA) of LCI Industries has shown fluctuating trends over the past five years.

The ROA increased from 6.89% as of December 31, 2020, to 8.75% as of December 31, 2021, indicating a positive trend in the company's ability to generate profits relative to its total assets.

This growth continued significantly in the subsequent year, reaching 12.16% as of December 31, 2022, reflecting a notable improvement in the company's efficiency in utilizing its assets to generate earnings.

However, the ROA sharply declined to 2.17% as of December 31, 2023, signaling a significant decrease in the company's profitability in relation to its asset base. This decrease could be attributed to various factors such as increased expenses, decreased revenues, or asset impairment.

In the most recent period, as of December 31, 2024, the ROA showed a partial recovery, increasing to 4.94%. While this uptick suggests a slight improvement in the company's profitability compared to the previous year, it remains below the levels seen in the earlier years.

Overall, the fluctuating ROA of LCI Industries indicates varying levels of efficiency in utilizing its assets to generate profits over the analyzed period. Investors and analysts may further investigate the reasons behind these fluctuations to assess the company's financial performance and sustainability.