Lennox International Inc (LII)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 806,900 | 590,100 | 497,100 | 464,000 | 356,300 |
| Total assets | US$ in thousands | 3,471,800 | 2,798,300 | 2,567,600 | 2,171,900 | 2,032,500 |
| ROA | 23.24% | 21.09% | 19.36% | 21.36% | 17.53% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $806,900K ÷ $3,471,800K
= 23.24%
Lennox International Inc's return on assets (ROA) has shown a positive trend over the past five years, increasing from 17.53% as of December 31, 2020, to 23.24% as of December 31, 2024. This indicates that the company has been effectively utilizing its assets to generate profits. The improvement in ROA reflects the company's ability to generate higher earnings relative to its total assets. The consistently increasing ROA signifies improving efficiency and productivity in the utilization of assets, which is a positive indicator of the company's financial health and management effectiveness. Overall, Lennox International Inc's ROA performance demonstrates strong profitability and efficient asset management over the analyzed period.
Peer comparison
Dec 31, 2024