Republic Services Inc (RSG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,043,000 | 1,731,000 | 1,487,600 | 1,290,400 | 967,200 |
| Total assets | US$ in thousands | 32,402,000 | 31,410,100 | 29,050,900 | 24,955,000 | 23,434,000 |
| ROA | 6.31% | 5.51% | 5.12% | 5.17% | 4.13% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $2,043,000K ÷ $32,402,000K
= 6.31%
Republic Services Inc's return on assets (ROA) has shown a positive trend over the past few years. The ROA increased from 4.13% as of December 31, 2020, to 6.31% as of December 31, 2024, indicating a steady improvement in the company's ability to generate profits from its assets.
This upward trajectory suggests that Republic Services Inc has been effectively utilizing its assets to generate higher returns for its shareholders. The company's ability to increase its ROA signifies efficiency in managing its assets to generate profits, which is a positive indicator of its overall financial health and operational performance.
Overall, the improving trend in Republic Services Inc's ROA reflects a positive outlook for the company's financial performance and operational efficiency, highlighting its capacity to generate higher returns on its assets over the specified period.
Peer comparison
Dec 31, 2024