Applied Industrial Technologies (AIT)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 495,823 | 483,295 | 489,000 | 487,299 | 473,151 | 455,560 | 424,492 | 389,776 | 357,858 | 329,735 | 308,359 | 227,760 | 205,454 | 171,381 | 18,964 | 80,131 | 88,989 | 113,936 | 226,395 | 228,615 |
| Total assets | US$ in thousands | 2,951,910 | 2,854,940 | 2,782,760 | 2,750,510 | 2,743,330 | 2,608,640 | 2,522,900 | 2,474,170 | 2,452,590 | 2,383,570 | 2,225,710 | 2,303,180 | 2,271,810 | 2,305,390 | 2,241,020 | 2,249,250 | 2,283,550 | 2,289,530 | 2,419,000 | 2,429,730 |
| Operating ROA | 16.80% | 16.93% | 17.57% | 17.72% | 17.25% | 17.46% | 16.83% | 15.75% | 14.59% | 13.83% | 13.85% | 9.89% | 9.04% | 7.43% | 0.85% | 3.56% | 3.90% | 4.98% | 9.36% | 9.41% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $495,823K ÷ $2,951,910K
= 16.80%
Applied Industrial Technologies operating return on assets (Operating ROA) has shown a generally increasing trend over the analyzed periods, reflecting improved efficiency in generating profits from its assets. The operating ROA increased from 9.41% in September 2019 to 17.57% in December 2023, reaching its peak during this period. This indicates that the company is effectively utilizing its assets to generate operating profits.
However, it is worth noting that there were fluctuations in the operating ROA during this period, with some slight decreases occurring sporadically. For example, the operating ROA dropped to 13.83% in March 2022 before gradually increasing again. These fluctuations may be attributed to various factors such as changes in market conditions, operational efficiency, or investment decisions.
Overall, the upward trend in Applied Industrial Technologies operating ROA demonstrates the company's ability to generate profits relative to its assets, showcasing a positive operational performance during the analyzed periods.