Otis Worldwide Corp (OTIS)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,645,000	1,406,000	1,253,000	1,246,000	906,000
Total assets	US$ in thousands	11,316,000	10,117,000	9,819,000	12,279,000	10,710,000
ROA		14.54%	13.90%	12.76%	10.15%	8.46%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $1,645,000K ÷ $11,316,000K
= 14.54%

Otis Worldwide Corp's return on assets (ROA) has shown a consistent positive trend over the past five years. Starting at 8.46% on December 31, 2020, the ROA has steadily increased to 14.54% by December 31, 2024. This indicates that the company has been able to generate more profit relative to its assets each year, showcasing improved efficiency and profitability. The increasing trend in ROA suggests that Otis Worldwide Corp has been effectively utilizing its assets to generate earnings, which is a positive indicator of financial health and management effectiveness.

Peer comparison

Dec 31, 2024

Company name

Symbol

ROA

Otis Worldwide Corp

OTIS

14.54%

Emerson Electric Company