Revvity Inc. (RVTY)

Return on assets (ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	693,094	742,189	818,039	961,692	569,179	631,705	674,096	740,814	943,157	1,133,334	1,182,295	1,073,527	727,887	412,027	293,886	225,811	227,558	234,349	252,339	247,315
Total assets	US$ in thousands	13,564,700	13,421,500	14,218,500	14,638,200	14,129,900	13,823,800	14,189,700	14,848,500	15,000,600	14,899,800	8,739,460	8,762,720	7,960,320	6,865,560	6,636,820	6,384,400	6,538,560	6,489,080	6,399,070	6,086,500
ROA		5.11%	5.53%	5.75%	6.57%	4.03%	4.57%	4.75%	4.99%	6.29%	7.61%	13.53%	12.25%	9.14%	6.00%	4.43%	3.54%	3.48%	3.61%	3.94%	4.06%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $693,094K ÷ $13,564,700K
= 5.11%

Based on the trend of Revvity Inc.'s return on assets (ROA) over the past eight quarters, there is a consistent positive performance in generating profits relative to the company's assets. The ROA has shown an upward trend from 4.03% in Q4 2022 to 6.57% in Q1 2023, indicating an improvement in the company's ability to utilize its assets efficiently to generate profits.

The ROA then slightly decreased in Q2 and Q3 2023, but remained above 5%, reflecting a stable performance in the utilization of assets to generate profit. Although the ROA decreased from Q1 to Q3 2023, it is important to note that the values remain relatively high, which suggests that Revvity Inc. is effectively managing its assets to generate returns.

Overall, the ROA trend indicates that Revvity Inc. has been successful in generating profits relative to its assets over the analyzed quarters. It will be important for the company to monitor this ratio over time to ensure continued efficiency in asset utilization and profitability.