Linde plc Ordinary Shares (LIN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,565,000 | 6,199,000 | 4,147,000 | 3,826,000 | 2,501,000 |
| Total assets | US$ in thousands | 80,147,000 | 80,811,000 | 79,658,000 | 81,605,000 | 88,229,000 |
| ROA | 8.19% | 7.67% | 5.21% | 4.69% | 2.83% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $6,565,000K ÷ $80,147,000K
= 8.19%
The return on assets (ROA) for Linde plc Ordinary Shares has been steadily increasing over the past five years. Starting at 2.83% on December 31, 2020, the ROA has shown consistent growth, reaching 8.19% by December 31, 2024.
This improvement in ROA indicates that the company is becoming more efficient in generating profits from its assets. A higher ROA suggests that management is effectively utilizing the company's assets to generate earnings.
Overall, the trend of increasing ROA is a positive indicator of Linde plc's operational efficiency and profitability over the years, highlighting the company's ability to generate more income relative to its asset base.
Peer comparison
Dec 31, 2024