Patrick Industries Inc (PATK)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 138,401 | 154,660 | 153,344 | 147,817 | 142,897 | 152,260 | 171,529 | 245,696 | 328,196 | 349,036 | 347,614 | 290,075 | 224,915 | 201,719 | 181,658 | 123,387 | 97,061 | 79,221 | 63,202 | 89,904 |
| Total assets | US$ in thousands | 3,020,950 | 3,122,950 | 3,003,870 | 3,032,880 | 2,674,230 | 2,655,940 | 2,707,030 | 2,816,830 | 2,782,470 | 2,896,650 | 3,024,830 | 2,971,380 | 2,650,730 | 2,358,460 | 2,224,710 | 1,834,880 | 1,753,440 | 1,574,940 | 1,492,800 | 1,522,160 |
| ROA | 4.58% | 4.95% | 5.10% | 4.87% | 5.34% | 5.73% | 6.34% | 8.72% | 11.80% | 12.05% | 11.49% | 9.76% | 8.49% | 8.55% | 8.17% | 6.72% | 5.54% | 5.03% | 4.23% | 5.91% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $138,401K ÷ $3,020,950K
= 4.58%
Patrick Industries Inc's return on assets (ROA) has exhibited fluctuations over the past few years based on the provided data. ROA increased from 5.91% as of March 31, 2020, to a peak of 12.05% as of September 30, 2022, showcasing a positive trend during this period. However, the ROA started to decline from that peak, reaching 4.58% as of December 31, 2024.
The overall trend indicates that Patrick Industries Inc has generally been able to generate a decent return on its assets during the period under review. It is important for investors and analysts to monitor this trend closely to assess the company's efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2024