AAON Inc (AAON)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 209,118 | 243,573 | 242,717 | 230,258 | 227,494 | 210,208 | 182,244 | 147,957 | 126,761 | 85,606 | 69,043 | 73,802 | 69,253 | 89,528 | 95,522 | 92,502 | 101,836 | 97,548 | 86,447 | 81,541 |
| Total assets | US$ in thousands | 1,175,230 | 1,030,620 | 1,010,720 | 952,921 | 941,436 | 944,543 | 930,051 | 867,914 | 813,903 | 785,843 | 776,712 | 717,458 | 650,180 | 516,403 | 504,184 | 483,384 | 449,008 | 439,913 | 429,807 | 395,620 |
| Operating ROA | 17.79% | 23.63% | 24.01% | 24.16% | 24.16% | 22.25% | 19.60% | 17.05% | 15.57% | 10.89% | 8.89% | 10.29% | 10.65% | 17.34% | 18.95% | 19.14% | 22.68% | 22.17% | 20.11% | 20.61% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $209,118K ÷ $1,175,230K
= 17.79%
Operating return on assets (Operating ROA) is a key financial metric that measures a company's ability to generate earnings from its operational activities relative to its total assets. In the case of AAON Inc, the Operating ROA has exhibited fluctuations over the reported periods.
From March 31, 2020, to June 30, 2020, AAON Inc maintained a relatively stable Operating ROA ranging from 20.61% to 20.11%. Subsequently, the metric showed an increasing trend, reaching its peak at 24.16% by December 31, 2023. This indicates that the company was efficiently utilizing its assets to generate operating income during this period.
However, starting from June 30, 2024, the Operating ROA began to decline, falling to 17.79% by December 31, 2024. This decrease suggests a potential decrease in the company's operational efficiency in generating income relative to its asset base for that period.
Overall, AAON Inc's Operating ROA has demonstrated variability over the reporting periods, indicating fluctuations in the company's ability to generate operating income in proportion to its total assets. It is important for investors and stakeholders to monitor this metric to assess the company's operational performance and efficiency in asset utilization.
Peer comparison
Dec 31, 2024