AGCO Corporation (AGCO)
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 | 1,700,400 | 1,773,100 | 1,681,600 | 1,448,700 | 1,265,400 | 1,063,600 | 983,400 | 1,010,200 | 1,001,400 | 915,400 | 887,500 | 694,500 | 599,700 | 371,900 | 253,800 | 356,100 | 348,100 | 557,000 | 562,400 | 530,900 |
| Total assets | US$ in thousands | 11,421,200 | 11,351,100 | 11,394,000 | 10,811,600 | 10,103,700 | 9,818,100 | 9,888,900 | 9,876,500 | 9,182,100 | 8,941,900 | 8,863,300 | 8,312,300 | 8,504,200 | 7,940,300 | 7,778,000 | 7,705,700 | 7,759,700 | 8,079,200 | 8,415,100 | 8,204,300 |
| Operating ROA | 14.89% | 15.62% | 14.76% | 13.40% | 12.52% | 10.83% | 9.94% | 10.23% | 10.91% | 10.24% | 10.01% | 8.36% | 7.05% | 4.68% | 3.26% | 4.62% | 4.49% | 6.89% | 6.68% | 6.47% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,700,400K ÷ $11,421,200K
= 14.89%
AGCO Corp.'s operating return on assets (operating ROA) has shown a consistent upward trend over the past eight quarters. The operating ROA started at 10.76% in Q1 2022 and reached its highest level of 15.71% in Q3 2023. This indicates that the company has been effectively generating operating profits relative to its total assets, demonstrating efficiency in asset management and operations.
The steady increase in operating ROA may suggest improved operational efficiency, cost management, or revenue generation strategies implemented by AGCO Corp. over this period. The incremental growth in operating ROA reflects positively on the company's ability to utilize its assets more effectively to generate operating income.
Investors and stakeholders may view this consistent improvement in operating ROA as a positive indicator of AGCO Corp.'s operational performance and potential for long-term profitability. It is essential to monitor future trends in operating ROA to assess the company's ongoing operational efficiency and financial health.
Peer comparison
Dec 31, 2023