nVent Electric PLC (NVT)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 527,100 | 587,400 | 440,400 | 355,400 | 247,400 |
| Total assets | US$ in thousands | 6,734,900 | 6,161,700 | 4,902,200 | 4,674,200 | 4,366,100 |
| Operating ROA | 7.83% | 9.53% | 8.98% | 7.60% | 5.67% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $527,100K ÷ $6,734,900K
= 7.83%
nVent Electric PLC's operating return on assets (operating ROA) has shown a positive trend over the past five years. The operating ROA increased from 5.67% as of December 31, 2020, to 7.60% as of December 31, 2021, indicating improved operational efficiency in generating profits relative to its assets.
Moreover, the trend continued to strengthen in the following years, reaching 8.98% as of December 31, 2022, 9.53% as of December 31, 2023, before experiencing a slight decline to 7.83% as of December 31, 2024.
Overall, the generally upward trend in operating ROA suggests that nVent Electric PLC has been effectively utilizing its assets to generate operating profits, with a small fluctuation noted in the most recent year. This signals a positive performance in operational efficiency and profitability over the specified period.
Peer comparison
Dec 31, 2024