LeMaitre Vascular Inc (LMAT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 44,038 | 30,105 | 20,636 | 26,907 | 21,220 |
| Total assets | US$ in thousands | 551,817 | 346,778 | 310,476 | 292,802 | 252,810 |
| ROA | 7.98% | 8.68% | 6.65% | 9.19% | 8.39% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $44,038K ÷ $551,817K
= 7.98%
LeMaitre Vascular Inc's return on assets (ROA) has shown varying levels over the past five years. The trend indicates some fluctuations in the company's ability to generate profits from its assets efficiently.
In 2020, the ROA was at 8.39%, indicating that the company generated $8.39 in profit for every $100 of assets. A slight improvement was observed in 2021, with the ROA increasing to 9.19%, suggesting enhanced efficiency in asset utilization. However, in 2022, there was a decrease in ROA to 6.65%, reflecting a potential decline in profitability relative to the assets employed.
The ROA bounced back in 2023 to 8.68%, signaling a recovery in the company's asset productivity. Nonetheless, in 2024, the ROA decreased to 7.98%, suggesting a slightly lower return generated from the assets compared to the previous year.
Overall, LeMaitre Vascular Inc's ROA has demonstrated some variability, highlighting the importance of closely monitoring asset utilization efficiency to ensure sustained profitability and value creation for the company and its stakeholders.
Peer comparison
Dec 31, 2024