Arcosa Inc (ACA)
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 | 159,200 | 286,700 | 283,200 | 281,300 | 245,800 | 100,400 | 92,100 | 73,900 | 69,600 | 70,900 | 78,400 | 90,900 | 106,600 | 117,200 | 118,700 | 117,200 | 113,300 | 119,900 | 90,400 | |
| Total assets | US$ in thousands | 3,577,900 | 3,489,600 | 3,495,600 | 3,417,100 | 3,340,600 | 3,380,600 | 3,337,300 | 3,256,800 | 3,188,100 | 3,301,200 | 3,090,200 | 2,666,000 | 2,646,700 | 2,635,000 | 2,560,200 | 2,621,600 | 2,302,500 | 2,218,000 | 2,171,900 | 2,142,800 |
| ROA | 4.45% | 8.22% | 8.10% | 8.23% | 7.36% | 2.97% | 2.76% | 2.27% | 2.18% | 2.15% | 2.54% | 3.41% | 4.03% | 4.45% | 4.64% | 4.47% | 4.92% | 5.41% | 4.16% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $159,200K ÷ $3,577,900K
= 4.45%
Arcosa Inc's return on assets (ROA) has shown a positive trend over the past quarters, increasing from 2.26% in Q1 2022 to 8.20% in Q1 2023. The company's ability to generate profit relative to its total assets has improved significantly. The average ROA for the recent quarters is notably higher than the average ROA for the previous quarters. This indicates that Arcosa Inc is utilizing its assets more efficiently to generate earnings for its shareholders. Overall, the upward trend in ROA suggests that the company's management has been effective in generating higher returns on its investments and assets.
Peer comparison
Dec 31, 2023