Teledyne Technologies Incorporated (TDY)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 819,200 | 885,700 | 788,600 | 445,300 | 401,900 |
| Total assets | US$ in thousands | 14,200,500 | 14,527,900 | 14,354,000 | 14,446,000 | 5,068,600 |
| ROA | 5.77% | 6.10% | 5.49% | 3.08% | 7.93% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $819,200K ÷ $14,200,500K
= 5.77%
Teledyne Technologies Incorporated's return on assets (ROA) has shown fluctuations in recent years. In December 31, 2020, the ROA was at a relatively high level of 7.93%, indicating that the company generated $0.0793 in net income for every dollar of assets it had. However, by December 31, 2021, the ROA decreased to 3.08%, suggesting a decline in asset efficiency and profitability.
In the following years, there was a slight improvement in the ROA. By December 31, 2022, the ROA increased to 5.49%, indicating that the company was able to generate higher returns on its assets compared to the previous year. This positive trend continued in December 31, 2023, with the ROA further improving to 6.10%.
However, by the end of December 31, 2024, the ROA decreased slightly to 5.77%. Overall, while there were fluctuations in Teledyne Technologies Incorporated's ROA over the years, the company managed to maintain a relatively healthy level of profitability relative to its assets. Monitoring the trend in ROA can help assess the effectiveness of the company's asset management and profitability over time.
Peer comparison
Dec 31, 2024