United Rentals Inc (URI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,575,000 | 2,424,000 | 2,105,000 | 1,386,000 | 890,000 |
| Total assets | US$ in thousands | 28,163,000 | 25,589,000 | 24,183,000 | 20,292,000 | 17,868,000 |
| ROA | 9.14% | 9.47% | 8.70% | 6.83% | 4.98% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $2,575,000K ÷ $28,163,000K
= 9.14%
United Rentals Inc's return on assets (ROA) has shown a positive trend over the years from 2020 to 2024. The ROA has steadily increased from 4.98% in 2020 to 9.14% in 2024. This improvement indicates that the company is becoming more efficient in generating profits from its assets.
The consistent growth in ROA suggests that United Rentals Inc is effectively utilizing its assets to generate earnings, which is a positive sign for investors and stakeholders. It indicates that the company's management is making sound strategic decisions in optimizing asset utilization to enhance profitability.
Overall, United Rentals Inc's increasing ROA reflects its improving operational efficiency and financial performance over the years, making it a potentially attractive investment opportunity for interested parties.
Peer comparison
Dec 31, 2024