Vontier Corp (VNT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 376,900 | 401,300 | 413,000 | 342,000 |
| Total assets | US$ in thousands | 4,294,000 | 4,343,300 | 4,349,800 | 3,073,000 |
| ROA | 8.78% | 9.24% | 9.49% | 11.13% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $376,900K ÷ $4,294,000K
= 8.78%
The return on assets (ROA) of Vontier Corporation has shown a declining trend over the past five years, as evident from the data provided.
The ROA decreased from 15.43% in 2019 to 11.13% in 2020, and further declined to 9.49% in 2021. However, there was a slight increase in 2022 to 9.24%. The most recent data for 2023 shows a further decrease in ROA to 8.78%.
This declining trend in ROA indicates that Vontier Corporation's ability to generate profits from its assets has weakened over the years. It is essential for the company to closely monitor and analyze the factors contributing to this trend to make necessary strategic adjustments and improve profitability in the future.
Peer comparison
Dec 31, 2023