Republic Services Inc (RSG)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,731,000 | 1,487,600 | 1,290,400 | 967,200 | 1,073,300 |
| Total assets | US$ in thousands | 31,410,100 | 29,052,900 | 24,955,000 | 23,434,000 | 22,683,800 |
| ROA | 5.51% | 5.12% | 5.17% | 4.13% | 4.73% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,731,000K ÷ $31,410,100K
= 5.51%
Republic Services, Inc.'s return on assets (ROA) has shown a consistent upward trend over the past five years. The company's ROA increased from 4.73% in 2019 to 5.51% in 2023. This indicates that the company has been more effective in generating profit from its assets over time. The improvement in ROA suggests that Republic Services, Inc. has been utilizing its assets efficiently to generate earnings. Overall, the increasing trend in ROA reflects positively on the company's operational efficiency and profitability in utilizing its assets to generate returns for the shareholders.
Peer comparison
Dec 31, 2023