Revvity Inc. (RVTY)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 270,385 | 693,094 | 569,179 | 943,157 | 727,887 |
| Total assets | US$ in thousands | 12,392,500 | 13,564,700 | 14,129,900 | 15,000,600 | 7,960,320 |
| ROA | 2.18% | 5.11% | 4.03% | 6.29% | 9.14% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $270,385K ÷ $12,392,500K
= 2.18%
The Return on Assets (ROA) is a key financial ratio that provides insight into how effectively a company is utilizing its assets to generate profits. Analyzing Revvity Inc.'s ROA from 2020 to 2024 reveals a trend of fluctuating performance.
- In 2020, Revvity Inc. achieved an ROA of 9.14%, indicating that the company generated $0.0914 in net income for every dollar of assets it possessed. This suggests efficient asset utilization and profitability.
- However, in the subsequent years, Revvity Inc.'s ROA experienced a declining trend. By the end of 2024, the ROA had decreased to 2.18%, signifying a significant drop in the company's ability to generate profits relative to its asset base.
The fluctuation in ROA over the years suggests that Revvity Inc. may be facing challenges in maintaining profitability and efficiently utilizing its assets. Further analysis of the company's financial performance and strategies will be essential to address the declining trend in ROA and enhance overall operational efficiency.
Peer comparison
Dec 31, 2024