Silgan Holdings Inc (SLGN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 325,965 | 340,848 | 359,081 | 308,722 | 193,814 |
| Total assets | US$ in thousands | 7,611,240 | 7,345,760 | 7,770,850 | 6,511,590 | 4,931,060 |
| ROA | 4.28% | 4.64% | 4.62% | 4.74% | 3.93% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $325,965K ÷ $7,611,240K
= 4.28%
Silgan Holdings Inc.'s return on assets (ROA) has shown varying trends over the past five years. The ROA has ranged from 3.93% in 2019 to 4.74% in 2020, with a slight decrease to 4.62% in 2021. However, there was a slight recovery in 2022 to 4.64% before a further decline to 4.28% in 2023. Overall, Silgan Holdings Inc. has maintained relatively stable ROA levels above 4% in recent years, indicating that the company has been efficient in generating profits from its assets. The fluctuation in ROA suggests potential changes in asset utilization or profitability within the company that may warrant further investigation.
Peer comparison
Dec 31, 2023