Ufp Industries Inc (UFPI)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 514,312 | 543,454 | 576,660 | 629,017 | 692,651 | 697,968 | 651,768 | 622,032 | 535,640 | 460,686 | 416,849 | 309,930 | 246,778 | 221,562 | 196,217 | 184,269 | 179,650 | 172,416 | 161,776 | 151,305 |
| Total assets | US$ in thousands | 4,017,800 | 4,004,080 | 3,843,940 | 3,696,790 | 3,672,070 | 3,738,550 | 3,610,820 | 3,673,970 | 3,245,270 | 3,014,250 | 3,228,280 | 2,786,090 | 2,404,890 | 2,350,620 | 2,058,610 | 1,882,980 | 1,889,480 | 1,880,620 | 1,850,660 | 1,821,400 |
| ROA | 12.80% | 13.57% | 15.00% | 17.02% | 18.86% | 18.67% | 18.05% | 16.93% | 16.51% | 15.28% | 12.91% | 11.12% | 10.26% | 9.43% | 9.53% | 9.79% | 9.51% | 9.17% | 8.74% | 8.31% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $514,312K ÷ $4,017,800K
= 12.80%
Ufp Industries Inc's return on assets (ROA) has displayed fluctuations over the past few quarters. ROA stood at 12.80% as of December 31, 2023, showing a slight decline compared to the previous quarter's 13.57% but maintaining a relatively strong performance. The ROA has generally been on an upward trend since the end of 2020 when it was at 10.26%, reaching a peak of 18.86% as of December 31, 2022.
The firm's ability to generate profits from its assets has improved steadily over the past few years, showcasing positive momentum. Despite some variability, the increasing trend in ROA suggests efficient asset utilization, which is a positive indicator of the company's operational effectiveness and profitability. However, it is important for stakeholders to monitor the sustainability of this upward trend to ensure long-term financial health and performance.