Insight Enterprises Inc (NSIT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 281,309 | 280,608 | 219,345 | 172,640 | 159,407 |
| Total assets | US$ in thousands | 6,286,350 | 5,112,580 | 4,689,080 | 4,310,730 | 4,178,180 |
| ROA | 4.47% | 5.49% | 4.68% | 4.00% | 3.82% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $281,309K ÷ $6,286,350K
= 4.47%
Insight Enterprises Inc.'s return on assets (ROA) has exhibited fluctuating trends over the past five years. The ROA decreased from 3.82% in 2019 to 4.00% in 2020, before showing a slight improvement to 4.68% in 2021. However, there was a decline in ROA to 5.49% in 2022, followed by another decrease to 4.47% in 2023. Overall, the company's ROA has remained positive, indicating that it has generated a profit from its assets. However, the decreasing trend in recent years suggests a potential challenge in efficiently utilizing assets to generate earnings. Further analysis of the company's profitability and asset management may be necessary to understand the factors influencing these fluctuations in ROA.
Peer comparison
Dec 31, 2023