Silgan Holdings Inc (SLGN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 276,378 | 64,400 | 340,848 | 359,081 | 308,722 |
| Total assets | US$ in thousands | 8,584,600 | 7,611,240 | 7,345,800 | 7,770,800 | 6,519,500 |
| ROA | 3.22% | 0.85% | 4.64% | 4.62% | 4.74% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $276,378K ÷ $8,584,600K
= 3.22%
Silgan Holdings Inc's return on assets (ROA) has demonstrated mixed performance over the years. The ROA stood at 4.74% as of December 31, 2020, showing a relatively healthy level of profitability in utilizing its assets to generate earnings. However, there was a slight decline in ROA to 4.62% by December 31, 2021.
Subsequently, the ROA slightly improved to 4.64% by the end of 2022. However, there was a significant decrease in the ROA to 0.85% by December 31, 2023, which raises concerns about the company's efficiency in generating profits from its assets during that period.
In the most recent year, as of December 31, 2024, the ROA recovered to 3.22%. Overall, Silgan Holdings Inc's ROA has shown fluctuations, implying varying levels of effectiveness in utilizing its assets to generate profits. This trend requires further examination to understand the factors driving the changes and to assess the company's asset management and profitability strategies.
Peer comparison
Dec 31, 2024