Littelfuse Inc (LFUS)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 100,190 | 259,485 | 373,306 | 283,806 | 129,986 |
| Total assets | US$ in thousands | 3,891,780 | 3,995,280 | 3,903,730 | 3,151,700 | 2,747,590 |
| ROA | 2.57% | 6.49% | 9.56% | 9.00% | 4.73% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $100,190K ÷ $3,891,780K
= 2.57%
The Return on Assets (ROA) ratio for Littelfuse Inc has shown fluctuating trends over the past few years. In December 2020, the ROA was at 4.73%, indicating that the company generated $0.0473 in profit for every $1 of assets it had.
There was a noticeable improvement in performance as of December 2021, with the ROA increasing to 9.00%, suggesting that the company became more efficient in generating profits from its assets. This positive trend continued into December 2022, where the ROA further improved to 9.56%.
However, in December 2023, there was a slight decline in the ROA to 6.49%, which may indicate a decrease in the company's profitability relative to its total assets. By December 2024, the ROA decreased significantly to 2.57%, suggesting a decrease in the company's ability to generate profits from its assets.
Overall, it is important for Littelfuse Inc to closely monitor its ROA to ensure efficient asset utilization and sustainable profitability in the long run.
Peer comparison
Dec 31, 2024