Pentair PLC (PNR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 622,700 | 480,900 | 553,000 | 358,600 | 355,700 |
| Total assets | US$ in thousands | 6,563,300 | 6,447,500 | 4,753,600 | 4,197,200 | 4,139,500 |
| ROA | 9.49% | 7.46% | 11.63% | 8.54% | 8.59% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $622,700K ÷ $6,563,300K
= 9.49%
Pentair plc's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA increased to 9.49% from 7.46% in 2022, indicating improved efficiency in generating profits from its assets. However, the ROA was lower compared to 2021 when it stood at 11.63%. This suggests that the company may have experienced some challenges in generating earnings relative to its total assets in 2023.
When compared to 2020 and 2019, the ROA in 2023 was slightly higher than both years, indicating a modest improvement in the company's asset utilization efficiency. Overall, the trend in ROA for Pentair plc over the past five years suggests that the company has been somewhat inconsistent in effectively utilizing its assets to generate profits, with varying levels of efficiency observed from year to year.
Peer comparison
Dec 31, 2023