AAON Inc (AAON)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 77,390 | 71,220 | 66,807 | 53,711 | 49,402 | 49,626 | 47,932 |
| 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 |
| ROA | 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% | 17.59% | 16.57% | 16.89% | 14.46% | 14.04% | 14.51% | 15.01% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $177,623K ÷ $941,436K
= 18.87%
To analyze AAON Inc.'s return on assets (ROA) based on the provided data, we can see a generally positive trend over the past eight quarters. The ROA has been increasing steadily from Q1 2022 (8.42%) to Q4 2023 (18.87%), indicating that the company is becoming more efficient in generating profit from its assets.
The improvement in ROA suggests that AAON Inc. has been effectively utilizing its assets to generate earnings. This could be attributed to factors such as efficient cost management, effective asset utilization, and potentially higher revenues relative to the size of the asset base.
The consistent growth in ROA indicates that AAON Inc. has been making favorable operational and financial decisions, leading to increased profitability per dollar of assets. Investors and stakeholders may view this trend positively as it demonstrates the company's ability to generate returns on its investments.
Overall, the rising trend in AAON Inc.'s ROA reflects the company's improving financial performance and efficiency in utilizing its assets to generate earnings, which may indicate a positive outlook for the company's profitability and operational effectiveness.
Peer comparison
Dec 31, 2023