Littelfuse Inc (LFUS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 259,485 | 373,306 | 283,806 | 129,986 | 139,082 |
| Total assets | US$ in thousands | 3,995,280 | 3,903,730 | 3,151,700 | 2,747,590 | 2,559,900 |
| ROA | 6.49% | 9.56% | 9.00% | 4.73% | 5.43% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $259,485K ÷ $3,995,280K
= 6.49%
The return on assets (ROA) for Littelfuse Inc has varied over the past five years. In 2023, the ROA decreased to 6.49% from 9.56% in 2022. This decline suggests that the company's ability to generate profits from its assets decreased in the most recent year compared to the prior year.
Comparing the ROA of 2023 to earlier years, we see that it is lower than 2021 (9.00%) and higher than 2020 (4.73%) and 2019 (5.43%). This indicates some fluctuation in the company's efficiency in utilizing its assets to generate earnings over the five-year period.
Overall, the trend in Littelfuse Inc's ROA shows some variability, and further analysis would be needed to understand the underlying reasons for these fluctuations and assess the company's overall performance in utilizing its assets effectively to generate returns for its shareholders.
Peer comparison
Dec 31, 2023