Quanta Services Inc (PWR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 904,824 | 744,689 | 491,189 | 485,956 | 445,596 |
| Total assets | US$ in thousands | 18,683,900 | 16,237,200 | 13,464,300 | 12,855,200 | 8,398,270 |
| ROA | 4.84% | 4.59% | 3.65% | 3.78% | 5.31% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $904,824K ÷ $18,683,900K
= 4.84%
Quanta Services Inc's return on assets (ROA) has exhibited a declining trend over the past five years based on the provided data. Starting at 5.31% on December 31, 2020, the ROA decreased to 3.78% by December 31, 2021. This downward trend continued with ROA figures of 3.65% on December 31, 2022, and 4.59% on December 31, 2023. However, there was a slight improvement as the ROA increased to 4.84% by December 31, 2024.
The declining trend in ROA indicates that the company may be experiencing challenges in generating profits from its assets efficiently. It is essential for Quanta Services Inc to closely monitor and evaluate its asset management strategies to potentially improve its ROA in the future.
Peer comparison
Dec 31, 2024