Lincoln Electric Holdings Inc (LECO)
Return on assets (ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 545,248 | 497,751 | 477,633 | 468,125 | 472,224 | 437,505 | 360,037 | 328,319 | 276,466 | 267,117 | 293,839 | 224,730 | 206,115 | 204,753 | 218,735 | 277,191 | 293,109 | 316,232 | 314,310 | 297,722 |
| Total assets | US$ in thousands | 3,377,300 | 3,325,900 | 3,311,190 | 3,253,200 | 3,180,550 | 2,651,960 | 2,741,810 | 2,736,340 | 2,592,310 | 2,568,800 | 2,512,730 | 2,361,750 | 2,314,450 | 2,217,500 | 2,199,040 | 2,305,900 | 2,371,210 | 2,361,160 | 2,394,330 | 2,354,850 |
| ROA | 16.14% | 14.97% | 14.42% | 14.39% | 14.85% | 16.50% | 13.13% | 12.00% | 10.66% | 10.40% | 11.69% | 9.52% | 8.91% | 9.23% | 9.95% | 12.02% | 12.36% | 13.39% | 13.13% | 12.64% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $545,248K ÷ $3,377,300K
= 16.14%
Lincoln Electric Holdings, Inc. has demonstrated a stable and generally positive trend in its Return on Assets (ROA) over the past eight quarters. The ROA has consistently remained above 12%, indicating that the company has been effective in generating profits relative to its total assets. The highest ROA was observed in Q4 2023 at 16.14%, showcasing the company's efficient utilization of assets to generate earnings. Despite some fluctuations, the ROA has generally been on an upward trajectory since Q2 2022, reflecting improved asset management and profitability. This suggests that Lincoln Electric Holdings, Inc. has been successful in maximizing returns from its asset base and is effectively utilizing its resources to drive profitability.
Peer comparison
Dec 31, 2023