Medpace Holdings Inc (MEDP)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 404,386 | 282,810 | 245,368 | 181,848 | 145,384 |
| Total assets | US$ in thousands | 2,100,870 | 1,656,830 | 1,352,500 | 1,659,940 | 1,390,680 |
| ROA | 19.25% | 17.07% | 18.14% | 10.96% | 10.45% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $404,386K ÷ $2,100,870K
= 19.25%
Based on the data provided, the return on assets (ROA) for Medpace Holdings Inc has shown improvement over the years. The ROA increased from 10.45% in December 31, 2020, to 10.96% in December 31, 2021, indicating a positive trend in the company's ability to generate profit relative to its total assets.
Furthermore, there was a significant jump in ROA to 18.14% in December 31, 2022, suggesting improved efficiency in asset utilization to generate earnings. The company maintained a relatively high ROA in subsequent years, with values of 17.07% in December 31, 2023, and 19.25% in December 31, 2024.
Overall, the upward trend in ROA indicates that Medpace Holdings Inc has been effectively utilizing its assets to generate profits, demonstrating strong financial performance and efficiency in resource management over the analyzed period.
Peer comparison
Dec 31, 2024