Revvity Inc. (RVTY)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 693,094 | 569,179 | 943,157 | 727,887 | 227,558 |
| Total assets | US$ in thousands | 13,564,700 | 14,129,900 | 15,000,600 | 7,960,320 | 6,538,560 |
| ROA | 5.11% | 4.03% | 6.29% | 9.14% | 3.48% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $693,094K ÷ $13,564,700K
= 5.11%
Revvity Inc.'s return on assets (ROA) has fluctuated over the past five years. The ROA decreased from 9.14% in 2021 to 3.48% in 2019 before increasing to 6.29% in 2022. The ROA then continued to improve, reaching 4.03% in 2023 and further increasing to 5.11% by the end of 2023.
This trend indicates that Revvity Inc.'s ability to generate profits from its assets has varied over the years. While the recent increase in ROA is a positive sign, it is essential for the company to sustain or improve this ratio in the future to ensure efficient asset utilization and maximize returns for its stakeholders.
Peer comparison
Dec 31, 2023