Ormat Technologies Inc (ORA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 123,733 | 124,399 | 65,841 | 62,092 | 85,456 |
| Total assets | US$ in thousands | 5,666,220 | 5,208,280 | 4,611,580 | 4,425,680 | 3,888,990 |
| ROA | 2.18% | 2.39% | 1.43% | 1.40% | 2.20% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $123,733K ÷ $5,666,220K
= 2.18%
Ormat Technologies Inc's Return on Assets (ROA) has shown varying trends over the past five years. In 2020, the ROA stood at 2.20%, indicating that the company generated $0.022 in profit for every dollar of assets. However, there was a slight decrease in 2021 when the ROA fell to 1.40%. This lower ROA could suggest a dip in efficiency in generating profits from its assets during that period.
In 2022, the ROA improved marginally to 1.43%, although it remained below the 2020 level. The following year, there was a significant rebound in Ormat Technologies Inc's ROA, reaching 2.39%. This increase could signify enhanced asset utilization and profitability.
By the end of 2024, the company's ROA slightly decreased to 2.18%, still showing a relatively positive performance in generating profits from its asset base. Overall, Ormat Technologies Inc's ROA has exhibited fluctuations over the years, with a mix of increases and decreases, indicating varying levels of efficiency in utilizing its assets to generate returns.
Peer comparison
Dec 31, 2024