Teledyne Technologies Incorporated (TDY)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 885,700 | 788,600 | 445,300 | 401,900 | 402,300 |
| Total assets | US$ in thousands | 14,527,900 | 14,354,000 | 14,430,300 | 5,084,800 | 4,579,800 |
| ROA | 6.10% | 5.49% | 3.09% | 7.90% | 8.78% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $885,700K ÷ $14,527,900K
= 6.10%
The return on assets (ROA) for Teledyne Technologies Inc has fluctuated over the past five years. In 2023, the company's ROA was 6.10%, reflecting an increase from the previous year's 5.49%. This indicates that the company's ability to generate profits from its assets improved in 2023.
Comparing to two years prior, in 2022, Teledyne Technologies Inc had an ROA of 3.09%, which represents a significant increase in 2023. Additionally, the ROA in 2023 was lower than that of 2021, when it stood at 7.90%.
The highest ROA in the provided data was recorded in 2019 at 8.78%, indicating that in that year, the company was very efficient in generating profits from its assets. Overall, the trend in ROA for Teledyne Technologies Inc shows variability over the past five years, with improvement in 2023 compared to the previous year, but still below the level achieved in 2021.
Peer comparison
Dec 31, 2023