Trimble Inc (TRMB)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,504,400 | 311,300 | 449,700 | 492,800 | 389,900 |
| Total assets | US$ in thousands | 9,488,300 | 9,539,300 | 7,269,000 | 7,099,600 | 6,876,900 |
| ROA | 15.86% | 3.26% | 6.19% | 6.94% | 5.67% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,504,400K ÷ $9,488,300K
= 15.86%
Trimble Inc's return on assets (ROA) has fluctuated over the past five years. In December 2020, the ROA stood at 5.67%, indicating that the company generated 5.67 cents of profit for every dollar of assets. By December 2021, the ROA improved to 6.94%, reflecting a more efficient utilization of assets to generate profits. However, the ROA declined slightly to 6.19% by December 2022 before experiencing a significant drop to 3.26% by December 2023. This decrease may suggest challenges in asset management efficiency or a decline in profitability relative to the asset base.
Notably, in December 2024, Trimble Inc's ROA surged to 15.86%, signifying a substantial improvement compared to the previous years. This spike in ROA could indicate enhanced asset utilization and increased profitability relative to the company's asset base. Overall, the fluctuating trend in ROA over the five-year period suggests variations in profitability and asset management efficiency within Trimble Inc's operations. It is essential for stakeholders to closely monitor these metrics to assess the company's financial performance and effective use of assets.
Peer comparison
Dec 31, 2024