Simpson Manufacturing Company Inc (SSD)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 353,987 | 333,995 | 266,447 | 187,000 | 133,982 |
| Total assets | US$ in thousands | 2,704,720 | 2,503,970 | 1,484,120 | 1,232,570 | 1,095,370 |
| ROA | 13.09% | 13.34% | 17.95% | 15.17% | 12.23% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $353,987K ÷ $2,704,720K
= 13.09%
Simpson Manufacturing Co., Inc. has demonstrated a fluctuating trend in its return on assets (ROA) over the past five years. ROA measures the company's efficiency in generating profits from its total assets.
In 2023, the company's ROA was 13.09%, showing a slight decrease compared to 13.34% in 2022. Despite the drop in ROA, the company has maintained a double-digit ROA for the past two years, indicating a relatively efficient use of its assets to generate profits.
In 2021, Simpson Manufacturing Co., Inc. achieved its highest ROA of 17.95% over the five-year period. This suggests that the company was able to generate a significant level of profit relative to its total assets during that year.
In 2020 and 2019, the company's ROA was 15.17% and 12.23%, respectively. These figures indicate a solid performance in utilizing assets to generate returns.
Overall, despite some fluctuations in ROA, Simpson Manufacturing Co., Inc. has maintained a generally healthy level of profitability relative to its asset base over the past five years. Further analysis of the company's financial performance and asset management strategies could provide insights into the factors influencing these ROA trends.
Peer comparison
Dec 31, 2023