Proto Labs Inc (PRLB)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 16,593 | 17,220 | -103,462 | 33,372 | 50,867 |
| Total assets | US$ in thousands | 743,512 | 772,353 | 802,168 | 928,582 | 744,204 |
| ROA | 2.23% | 2.23% | -12.90% | 3.59% | 6.84% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $16,593K ÷ $743,512K
= 2.23%
Proto Labs Inc's Return on Assets (ROA) has shown fluctuations over the past five years. In December 2020, the ROA was 6.84%, indicating that the company generated a profit of 6.84% for every dollar of assets it holds. However, this figure decreased to 3.59% by December 2021, suggesting a decline in the company's efficiency in utilizing its assets to generate profit.
The trend continued as in December 2022, Proto Labs Inc's ROA dropped significantly to -12.90%, signifying that the company experienced a loss relative to its assets during that period. This negative ROA indicates that the company's assets were not effectively utilized to create profits and may raise concerns about its operational efficiency or strategic decisions.
However, there was a slight improvement in December 2023, with the ROA increasing to 2.23%. This uptick suggests a potential recovery in the company's asset utilization and profitability. The ROA remained stable at 2.23% in December 2024, indicating a consistent performance in generating returns on its assets.
Overall, Proto Labs Inc's ROA fluctuated over the five-year period, with periods of decline and slight improvement. It is essential for the company to focus on enhancing its operational efficiency and asset management to consistently generate higher returns on its assets in the future.
Peer comparison
Dec 31, 2024