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.