AAON Inc (AAON)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 99,344 | 88,243 | 83,337 | 67,011 | 60,911 | 66,042 | 63,268 |
| Total assets | US$ in thousands | 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 | 371,424 | 351,900 | 341,981 | 319,238 |
| Operating ROA | 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% | 22.58% | 20.53% | 21.06% | 18.04% | 17.31% | 19.31% | 19.82% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $227,494K ÷ $941,436K
= 24.16%
To analyze the operating return on assets (operating ROA) of AAON Inc., we examine the trend of this ratio over the past eight quarters.
The operating ROA has been steadily increasing from 10.32% in Q1 2022 to 24.16% in Q4 2023. This indicates that AAON Inc. has been able to generate more operating income relative to its total assets over this period.
The consistent improvement in the operating ROA suggests that the company is becoming more efficient in utilizing its assets to generate operating profits. This could be attributed to various factors such as operational improvements, cost management, or revenue growth.
Overall, the increasing trend in the operating ROA reflects positively on AAON Inc.'s operational efficiency and profitability, indicating a potential strengthening of its core business operations over the analyzed period.
Peer comparison
Dec 31, 2023