Pentair PLC (PNR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 625,400 | 622,700 | 480,900 | 553,000 | 358,600 |
| Total assets | US$ in thousands | 6,446,500 | 6,563,300 | 6,447,500 | 4,753,600 | 4,197,200 |
| ROA | 9.70% | 9.49% | 7.46% | 11.63% | 8.54% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $625,400K ÷ $6,446,500K
= 9.70%
Based on the provided data, Pentair PLC's return on assets (ROA) has shown some fluctuations over the past five years. The ROA for the fiscal year ending December 31, 2020, was 8.54%, which increased to 11.63% by December 31, 2021, indicating an improvement in the company's ability to generate profits relative to its total assets. However, by December 31, 2022, the ROA declined to 7.46%, suggesting a decrease in efficiency in utilizing its assets to generate income.
Subsequently, there was a recovery in ROA as of December 31, 2023, with a figure of 9.49%, showcasing a better performance in asset utilization compared to the previous year. Finally, as of December 31, 2024, the ROA further improved to 9.70%, indicating continued progress in maximizing returns from its assets.
Overall, Pentair PLC's ROA has displayed some variability but has generally shown an upward trend, with occasional fluctuations. It is essential for investors and stakeholders to monitor these changes in ROA to assess the company's efficiency in generating profits relative to its asset base over time.
Peer comparison
Dec 31, 2024