AGCO Corporation (AGCO)
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 | 1,171,400 | 1,154,600 | 1,111,900 | 970,400 | 889,600 | 849,500 | 792,900 | 898,000 | 897,000 | 750,300 | 726,300 | 513,200 | 427,100 | 203,400 | 53,700 | 124,800 | 125,200 | 312,200 | 375,700 | 326,300 |
| 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 |
| ROA | 10.26% | 10.17% | 9.76% | 8.98% | 8.80% | 8.65% | 8.02% | 9.09% | 9.77% | 8.39% | 8.19% | 6.17% | 5.02% | 2.56% | 0.69% | 1.62% | 1.61% | 3.86% | 4.46% | 3.98% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,171,400K ÷ $11,421,200K
= 10.26%
AGCO Corp.'s return on assets (ROA) has shown a generally increasing trend over the past eight quarters, with a range from 8.02% in Q2 2022 to 10.26% in Q4 2023. The ROA indicates the company's ability to generate profits from its assets, with a higher percentage indicating more efficient asset utilization. AGCO Corp.'s ROA performance reflects a positive trend, suggesting improvements in asset efficiency and profitability over time. It peaked in the most recent quarter, which may indicate enhanced management of assets and operations to generate higher returns. This steady improvement in ROA demonstrates the company's efforts to maximize returns on its invested assets.
Peer comparison
Dec 31, 2023