LCI Industries (LCII)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	142,867	130,943	121,218	93,481	64,195	49,443	84,948	206,052	394,974	494,432	496,441	409,800	287,739	254,103	259,049	204,346	158,440	138,554	106,016	140,357
Total assets	US$ in thousands	2,894,740	3,024,960	3,011,980	2,981,340	2,959,320	3,033,810	3,076,400	3,209,370	3,246,910	3,268,970	3,482,700	3,640,720	3,288,090	3,088,180	2,776,180	2,500,470	2,298,030	2,110,680	2,018,270	2,051,210
ROA		4.94%	4.33%	4.02%	3.14%	2.17%	1.63%	2.76%	6.42%	12.16%	15.13%	14.25%	11.26%	8.75%	8.23%	9.33%	8.17%	6.89%	6.56%	5.25%	6.84%

December 31, 2024 calculation

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

Based on the provided data, LCI Industries' return on assets (ROA) has fluctuated over the analyzed periods. The ROA was relatively stable in the range of 5% to 6.89% from March 2020 to December 2020.

From March 2021 to June 2022, there was a notable improvement in ROA, with the ratio increasing from 8.17% to 14.25%. This significant rise indicates that the company was utilizing its assets more efficiently to generate profits during this period.

However, in the following quarters, ROA experienced a decline, dropping to 2.17% by December 2023. Subsequently, there was a slight recovery in ROA with the ratio increasing to 4.94% by December 2024.

Overall, while LCI Industries had periods of improved efficiency in asset utilization, there were also times when the company faced challenges in generating returns from its assets. Tracking ROA can provide valuable insights into the company's profitability and efficiency in utilizing its assets effectively over time.