Middleby Corp (MIDD)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 428,433 | 400,882 | 436,569 | 488,492 | 207,294 |
| Total assets | US$ in thousands | 7,283,150 | 6,906,690 | 6,874,870 | 6,383,600 | 5,202,470 |
| ROA | 5.88% | 5.80% | 6.35% | 7.65% | 3.98% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $428,433K ÷ $7,283,150K
= 5.88%
Middleby Corp's return on assets (ROA) has shown an upward trend over the past five years. Starting at 3.98% on December 31, 2020, it increased to 7.65% by December 31, 2021. The ROA then slightly decreased to 6.35% by December 31, 2022, followed by a further decline to 5.80% by December 31, 2023. However, by the end of December 31, 2024, the ROA saw a slight recovery to 5.88%.
Overall, Middleby Corp's ROA performance indicates positive returns generated from its assets, although there have been fluctuations in recent years. The management may need to focus on strategies to sustain or improve ROA in the future to enhance the company's profitability and efficiency in asset utilization.
Peer comparison
Dec 31, 2024