Somnigroup International Inc. (SGI)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 389,500 | 372,800 | 359,100 | 368,100 | 392,700 | 412,100 | 410,300 | 455,700 | 529,800 | 574,500 | 624,700 | 624,500 | 593,400 | 537,400 | 419,600 | 348,800 | 250,300 | 202,200 | 220,800 | 189,500 |
| Total assets | US$ in thousands | 4,568,000 | 4,578,000 | 4,585,800 | 4,553,900 | 4,546,100 | 4,570,800 | 4,537,100 | 4,359,800 | 4,351,700 | 4,404,400 | 4,321,900 | 4,323,400 | 4,467,300 | 3,277,600 | 3,542,100 | 3,308,600 | 3,455,400 | 3,201,900 | 3,306,200 | 3,061,800 |
| ROA | 8.53% | 8.14% | 7.83% | 8.08% | 8.64% | 9.02% | 9.04% | 10.45% | 12.17% | 13.04% | 14.45% | 14.44% | 13.28% | 16.40% | 11.85% | 10.54% | 7.24% | 6.32% | 6.68% | 6.19% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $389,500K ÷ $4,568,000K
= 8.53%
Somnigroup International Inc.'s return on assets (ROA) has shown variability over the reported periods. The ROA increased steadily from December 31, 2019, reaching a peak of 16.40% on June 30, 2021, indicating efficient utilization of assets to generate profits. Subsequently, the ROA fluctuated, showing a slight decline but remaining relatively stable above 8% until September 30, 2024.
The increasing trend in ROA observed until June 30, 2021, suggests improved asset management efficiency and profitability. However, the subsequent fluctuations and a slight decrease in ROA indicate potential challenges in maintaining or further enhancing asset productivity.
Overall, Somnigroup International Inc. has demonstrated a generally positive ROA performance, reflecting a strong ability to generate profits relative to its total assets. It is essential for the company to continue monitoring and optimizing its asset utilization to sustain or enhance its ROA in the future.
Peer comparison
Sep 30, 2024