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

Company name
Symbol
ROA
Lincoln Electric Holdings Inc
LECO
16.14%
SPX Corp
SPXC
3.68%