Alamo Group Inc (ALG)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 115,930 | 119,372 | 126,882 | 134,932 | 136,161 | 133,803 | 124,709 | 116,807 | 101,928 | 91,990 | 83,688 | 81,253 | 80,245 | 69,098 | 71,612 | 58,564 | 56,630 | 58,118 | 55,503 | 63,181 |
| Total assets | US$ in thousands | 1,450,280 | 1,481,340 | 1,505,970 | 1,519,420 | 1,409,390 | 1,455,510 | 1,457,760 | 1,429,210 | 1,308,510 | 1,327,790 | 1,332,380 | 1,338,020 | 1,205,740 | 1,217,780 | 1,208,830 | 1,206,150 | 1,109,330 | 1,173,460 | 1,189,690 | 1,249,880 |
| ROA | 7.99% | 8.06% | 8.43% | 8.88% | 9.66% | 9.19% | 8.55% | 8.17% | 7.79% | 6.93% | 6.28% | 6.07% | 6.66% | 5.67% | 5.92% | 4.86% | 5.10% | 4.95% | 4.67% | 5.05% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $115,930K ÷ $1,450,280K
= 7.99%
Alamo Group Inc's return on assets (ROA) has shown a fluctuating trend over the past few years, ranging from 4.67% to 9.66%. The ROA increased from March 31, 2020, at 5.05% to December 31, 2023, at 9.66%, indicating an improvement in the company's ability to generate profits from its assets during this period.
However, there was a slight decline in ROA from December 31, 2023, to March 31, 2024, followed by a decrease in the following quarters until December 31, 2024, when it reached 7.99%. This downward trend may suggest a potential decrease in the efficiency of Alamo Group Inc in utilizing its assets to generate earnings during the last few quarters.
Overall, it is essential for investors and stakeholders to monitor Alamo Group Inc's ROA closely to assess the company's profitability and asset utilization efficiency in generating returns for its shareholders.
Peer comparison
Dec 31, 2024