AAON Inc (AAON)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 168,559 | 190,918 | 186,371 | 179,825 | 177,623 | 169,472 | 148,867 | 119,131 | 100,376 | 67,664 | 55,772 | 60,441 | 58,758 | 71,464 | 76,343 | 73,532 | 79,009 | 76,138 | 69,968 | 65,555 |
| 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 |
| ROA | 14.34% | 18.52% | 18.44% | 18.87% | 18.87% | 17.94% | 16.01% | 13.73% | 12.33% | 8.61% | 7.18% | 8.42% | 9.04% | 13.84% | 15.14% | 15.21% | 17.60% | 17.31% | 16.28% | 16.57% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $168,559K ÷ $1,175,230K
= 14.34%
AAON Inc's return on assets (ROA) has fluctuated over the past few years, ranging from a high of 17.94% as of September 30, 2023, to a low of 7.18% as of June 30, 2022. The ROA showed a general uptrend from the first quarter of 2020 to the fourth quarter of 2023, reaching its peak at 18.87% in December 31, 2023. However, there was a decrease in the ROA in the most recent period, dropping to 14.34% as of December 31, 2024.
The ROA measures how efficiently a company is using its assets to generate profits. Generally, a higher ROA indicates that the company is better at converting its investments into profit. The fluctuation in AAON Inc's ROA may be attributed to factors such as changes in asset efficiency, profitability, or the overall management of the company's assets.
It is important for investors and stakeholders to monitor changes in ROA over time to assess the company's ability to generate returns on its assets. In the case of AAON Inc, the recent drop in ROA indicates a potential decrease in asset efficiency or profitability, emphasizing the need for further analysis to understand the underlying reasons for this shift.
Peer comparison
Dec 31, 2024