Quanta Services Inc (PWR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 744,689 | 491,189 | 485,956 | 445,596 | 402,044 |
| Total assets | US$ in thousands | 16,237,200 | 13,464,300 | 12,855,200 | 8,398,270 | 8,331,680 |
| ROA | 4.59% | 3.65% | 3.78% | 5.31% | 4.83% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $744,689K ÷ $16,237,200K
= 4.59%
Quanta Services, Inc.'s return on assets (ROA) has exhibited some fluctuations over the past five years. The ROA for the most recent year, as of December 31, 2023, stands at 4.59%, showing an improvement compared to the previous year when it was 3.65%. However, it is slightly lower than the ROA reported in December 31, 2020, which was 5.31%.
Overall, Quanta Services, Inc. has maintained a relatively stable ROA performance over the last five years, with values ranging between 3.65% and 5.31%. This indicates that the company has effectively utilized its assets to generate profits during this period. However, consistent monitoring and analysis of the factors influencing ROA will be important to ensure sustained financial performance and efficiency in asset utilization.
Peer comparison
Dec 31, 2023