SPX Corp (SPXC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 89,900 | 200 | 425,400 | 99,000 | 65,300 |
| Total assets | US$ in thousands | 2,439,700 | 1,930,900 | 2,628,600 | 2,333,700 | 2,167,800 |
| ROA | 3.68% | 0.01% | 16.18% | 4.24% | 3.01% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $89,900K ÷ $2,439,700K
= 3.68%
SPX Corp's return on assets (ROA) has displayed significant variability over the past five years. In 2021, the company achieved a robust ROA of 16.18%, indicating efficient utilization of its assets to generate profits. However, this performance sharply declined in 2022 to a mere 0.01%, reflecting potential challenges or inefficiencies in asset management during that period.
The ROA rebounded in 2023 to 3.68%, signaling a partial recovery in the company's ability to generate earnings from its assets. Despite this improvement, the ROA remains below the levels observed in 2021. Over the five-year period, SPX Corp's ROA has fluctuated, with 2021 marking the highest point and 2022 the lowest.
The variations in ROA suggest that SPX Corp may have experienced fluctuations in profitability and efficiency in leveraging its assets effectively. Further analysis of the company's financial performance and asset management strategies could provide insights into the factors driving these fluctuations and help identify opportunities for improvement.
Peer comparison
Dec 31, 2023