SPX Corp (SPXC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 200,500 | 89,900 | 19,800 | 59,000 | 99,000 |
| Total assets | US$ in thousands | 2,714,500 | 2,439,700 | 1,930,900 | 2,628,600 | 2,297,700 |
| ROA | 7.39% | 3.68% | 1.03% | 2.24% | 4.31% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $200,500K ÷ $2,714,500K
= 7.39%
SPX Corp's return on assets (ROA) has exhibited fluctuations over the past five years. The ROA was 4.31% as of December 31, 2020, indicating that the company generated $0.0431 in net income for every dollar of assets. However, by December 31, 2021, the ROA had declined to 2.24%, suggesting a decrease in the company's efficiency in generating profits from its assets.
Further decline was observed by December 31, 2022, with the ROA dropping to 1.03%. This significant decrease could indicate potential challenges in asset utilization or profitability during that period. The following year, however, saw an improvement in ROA to 3.68% by December 31, 2023, suggesting a potential recovery or strategic changes that positively impacted the company's profitability relative to its assets.
By the end of December 31, 2024, SPX Corp's ROA surged to 7.39%, reaching the highest level in the five-year period. This substantial increase signifies enhanced efficiency in utilizing assets to generate profits, indicating a potentially successful period for the company in terms of asset management and profitability.
Overall, the trend in SPX Corp's ROA demonstrates fluctuating performance in asset utilization and profitability over the past five years, reflecting variations in the company's operational efficiency and financial health during different periods.
Peer comparison
Dec 31, 2024