Proto Labs Inc (PRLB)
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 | 16,593 | 23,987 | 24,752 | 19,829 | 17,220 | -104,835 | -108,838 | -105,898 | -103,462 | 23,513 | 24,397 | 34,755 | 33,372 | 31,041 | 40,903 | 40,595 | 50,867 | 56,474 | 58,569 | 62,128 |
| Total assets | US$ in thousands | 743,512 | 753,786 | 758,206 | 769,803 | 795,632 | 784,245 | 777,210 | 791,373 | 802,168 | 906,938 | 918,649 | 934,751 | 928,582 | 930,311 | 949,290 | 934,448 | 744,204 | 726,126 | 698,445 | 678,090 |
| ROA | 2.23% | 3.18% | 3.26% | 2.58% | 2.16% | -13.37% | -14.00% | -13.38% | -12.90% | 2.59% | 2.66% | 3.72% | 3.59% | 3.34% | 4.31% | 4.34% | 6.84% | 7.78% | 8.39% | 9.16% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $16,593K ÷ $743,512K
= 2.23%
Proto Labs Inc's return on assets (ROA) has shown a declining trend over the observed periods. ROA decreased from 9.16% as of March 31, 2020, to 2.23% as of December 31, 2024. This indicates that the company's ability to generate profits from its assets has weakened over time. The significant decrease in ROA from positive percentages to negative values in the periods from December 31, 2022, to September 30, 2023, is concerning as it suggests the company faced challenges in efficiently utilizing its assets to generate returns during that time. However, there was a slight recovery in ROA in subsequent periods. Overall, Proto Labs Inc's ROA performance reflects fluctuations and a general decline, highlighting the importance for the company to examine and improve its asset utilization efficiency in order to enhance profitability.
Peer comparison
Dec 31, 2024