Ufp Industries Inc (UFPI)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 414,560 | 449,968 | 484,203 | 509,034 | 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 |
| Total assets | US$ in thousands | 4,150,940 | 4,217,880 | 4,138,490 | 4,078,640 | 4,017,800 | 4,020,130 | 3,843,940 | 3,696,790 | 3,672,070 | 3,738,550 | 3,610,820 | 3,673,970 | 3,245,270 | 3,010,250 | 3,226,280 | 2,790,220 | 2,404,890 | 2,350,620 | 2,058,610 | 1,882,980 |
| ROA | 9.99% | 10.67% | 11.70% | 12.48% | 12.80% | 13.52% | 15.00% | 17.02% | 18.86% | 18.67% | 18.05% | 16.93% | 16.51% | 15.30% | 12.92% | 11.11% | 10.26% | 9.43% | 9.53% | 9.79% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $414,560K ÷ $4,150,940K
= 9.99%
Ufp Industries Inc's return on assets (ROA) has shown fluctuating trends over the quarters analyzed. From March 31, 2020, to December 31, 2022, the ROA generally experienced an upward trajectory, indicating the company's efficient use of its assets to generate profits. The ROA peaked at 18.86% on December 31, 2022, reflecting strong asset utilization and profitability during that period.
However, from March 31, 2023, the ROA started to decline, reaching 9.99% on December 31, 2024. This downward trend could suggest challenges in maintaining or improving the company's profitability relative to its asset base. It would be essential for Ufp Industries Inc to carefully evaluate its asset management strategies to potentially improve its ROA in the future.