UFP Technologies Inc (UFPT)

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	58,981	54,214	49,547	47,878	44,924	41,778	49,624	46,670	41,789	36,546	20,795	16,581	15,886	16,839	16,038	13,641	13,369	14,974	17,627	19,907
Total assets	US$ in thousands	628,995	638,508	422,396	407,679	404,136	399,810	397,992	390,782	378,192	388,319	395,051	363,346	334,132	220,686	217,286	209,180	203,204	200,664	197,219	194,213
ROA		9.38%	8.49%	11.73%	11.74%	11.12%	10.45%	12.47%	11.94%	11.05%	9.41%	5.26%	4.56%	4.75%	7.63%	7.38%	6.52%	6.58%	7.46%	8.94%	10.25%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $58,981K ÷ $628,995K
= 9.38%

UFP Technologies Inc's return on assets (ROA) has shown fluctuations over the past few years. The ROA stood at 10.25% as of March 31, 2020, and gradually decreased to 4.56% by March 31, 2022. However, there was a notable increase in ROA to 11.05% as of December 31, 2022, followed by continuous improvements, reaching 11.74% by March 31, 2024.

Overall, UFP Technologies Inc's ROA indicates the company's ability to generate profit relative to its total assets. The varying ROA figures suggest fluctuations in asset utilization efficiency and profitability levels. The company's management may need to focus on sustaining or improving ROA to enhance overall financial performance and efficiency in utilizing its assets effectively.