UFP Technologies Inc (UFPT)

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	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	19,750	18,383	16,876	16,268
Total assets	US$ in thousands	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	188,758	200,338	194,965	192,663
ROA		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%	10.46%	9.18%	8.66%	8.44%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $44,924K ÷ $404,136K
= 11.12%

The return on assets (ROA) for UFP Technologies Inc has shown fluctuating trends over the past few quarters. The ROA values ranged from a low of 4.56% in Mar 31, 2022, to a high of 12.47% in Jun 30, 2023. The ROA has generally been improving since Mar 31, 2022, with a noticeable uptick in Jun 30, 2023.

Overall, the company's ROA has been relatively healthy, consistently staying above 4% in recent quarters. This indicates that UFP Technologies Inc has been effectively utilizing its assets to generate profits, with higher ROA figures suggesting better asset management efficiency and profitability. It may be worthwhile for stakeholders to continue monitoring the ROA to assess the company's performance in utilizing its assets effectively to generate returns for shareholders.