Somnigroup International Inc. (SGI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 384,300 | 368,100 | 455,700 | 624,500 | 348,800 |
| Total assets | US$ in thousands | 5,980,400 | 4,553,900 | 4,359,800 | 4,323,400 | 3,308,600 |
| ROA | 6.43% | 8.08% | 10.45% | 14.44% | 10.54% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $384,300K ÷ $5,980,400K
= 6.43%
Somnigroup International Inc.'s Return on Assets (ROA) has shown fluctuations over the years based on the provided data.
- In December 31, 2020, the ROA was 10.54%, indicating that the company generated $10.54 in net income for every $100 in total assets.
- By December 31, 2021, the ROA improved to 14.44%, evidencing a more efficient utilization of assets to generate profit.
- However, in December 31, 2022, the ROA dropped to 10.45%, suggesting a slight decline in asset efficiency compared to the previous year.
- Subsequently, by December 31, 2023, the ROA further decreased to 8.08%, indicating a decline in the company's ability to generate profit relative to its asset base.
- The trend continued into December 31, 2024, with the ROA falling to 6.43%, representing a significant reduction in profitability per unit of assets.
The fluctuating ROA trends suggest that Somnigroup International Inc. may need to evaluate its asset management strategies to enhance profitability and efficiency in utilizing its asset base effectively.
Peer comparison
Dec 31, 2024