Varex Imaging Corp (VREX)

Return on assets (ROA)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	48,200	30,300	17,400	-57,900	15,500
Total assets	US$ in thousands	1,249,600	1,184,400	1,147,500	1,139,500	1,038,900
ROA		3.86%	2.56%	1.52%	-5.08%	1.49%

September 30, 2023 calculation

ROA = Net income ÷ Total assets
= $48,200K ÷ $1,249,600K
= 3.86%

The return on assets (ROA) of Varex Imaging Corp has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profit relative to its total assets. The ROA increased from -5.08% in 2020 to 3.86% in 2023, reflecting a significant turnaround. This suggests that the company has become more efficient in utilizing its assets to generate earnings. The steady improvement in ROA is a positive sign for investors and indicates better financial performance and asset management by Varex Imaging Corp.

Peer comparison

Sep 30, 2023

Company name

Symbol

ROA

Varex Imaging Corp

VREX

3.86%

Advanced Energy Industries Inc