• Lincoln Electric Holdings average return on assets for 2023 was 15.72, a 6.14% decline from 2022.
• Lincoln Electric Holdings average return on assets for 2022 was 14.81, a 33.79% increase from 2021.
• Lincoln Electric Holdings average return on assets for 2021 was 11.07, a 12.5% increase from 2020.

Roa - return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.