Steel Dynamics Inc (STLD)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,537,130	2,450,880	3,862,670	3,214,070	550,822
Total assets	US$ in thousands	14,935,200	14,908,400	14,160,000	12,531,200	9,265,560
ROA		10.29%	16.44%	27.28%	25.65%	5.94%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $1,537,130K ÷ $14,935,200K
= 10.29%

Steel Dynamics Inc's Return on Assets (ROA) has shown fluctuations over the years based on the provided data.

- On December 31, 2020, the ROA was 5.94%. This indicates that the company generated a profit of 5.94 cents for every dollar of assets it possesses, reflecting moderate profitability.

- By December 31, 2021, the ROA had significantly improved to 25.65%, signaling a substantial increase in profitability and efficiency in asset utilization.

- The following year, on December 31, 2022, the ROA further increased to 27.28%, indicating continued growth in the company's ability to generate earnings from its assets.

- However, the ROA declined to 16.44% by December 31, 2023, suggesting a decrease in profitability and possibly a less efficient use of assets compared to the previous year.

- Finally, as of December 31, 2024, the ROA decreased again to 10.29%, indicating a further decline in profitability and asset efficiency.

Overall, Steel Dynamics Inc has experienced fluctuations in its ROA, with periods of both improvement and decline in profitability and asset utilization over the years covered in the provided data.