Ufp Industries Inc (UFPI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 414,560 | 514,312 | 692,651 | 535,640 | 246,778 |
| Total assets | US$ in thousands | 4,150,940 | 4,017,800 | 3,672,070 | 3,245,270 | 2,404,890 |
| ROA | 9.99% | 12.80% | 18.86% | 16.51% | 10.26% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $414,560K ÷ $4,150,940K
= 9.99%
Ufp Industries Inc's return on assets (ROA) has shown a fluctuating trend over the years based on the provided data.
- As of December 31, 2020, the ROA was 10.26%, indicating that the company generated a profit of 10.26 cents for every dollar of assets it owned.
- By December 31, 2021, the ROA increased to 16.51%, signifying an improvement in the company's efficiency in utilizing its assets to generate profits.
- The trend continued to be positive in the following year, with the ROA reaching 18.86% by December 31, 2022, showcasing even better asset utilization and profitability for Ufp Industries Inc.
- However, there was a decrease in the ROA to 12.80% by December 31, 2023, indicating a potential decline in asset efficiency or profitability during that period.
- Finally, as of December 31, 2024, the ROA decreased further to 9.99%, suggesting a lower return on assets compared to the previous year.
Overall, Ufp Industries Inc's ROA performance reveals fluctuations in asset efficiency and profitability over the years, with some years showing improvements and others displaying declines. It is essential for the company to consistently monitor and assess its asset management strategies to maintain and enhance its ROA for sustainable financial performance.