Alamo Group Inc (ALG)
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 | 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 | 62,906 | 69,927 | 76,052 | 74,156 |
| Total assets | US$ in thousands | 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 | 1,121,860 | 1,173,460 | 1,189,690 | 1,249,880 | 1,212,760 | 856,393 | 866,579 | 852,253 |
| ROA | 9.66% | 9.19% | 8.55% | 8.17% | 7.79% | 6.93% | 6.28% | 6.07% | 6.66% | 5.67% | 5.92% | 4.86% | 5.05% | 4.95% | 4.67% | 5.05% | 5.19% | 8.17% | 8.78% | 8.70% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $136,161K ÷ $1,409,390K
= 9.66%
The Return on Assets (ROA) for Alamo Group Inc. has shown a generally positive trend over the past eight quarters, indicating an improvement in the company's efficiency in utilizing its assets to generate profits. The ROA has steadily increased from 6.07% in Q1 2022 to 9.66% in Q4 2023, which suggests that the company has been able to generate more net income relative to its total assets.
This upward trend in ROA signifies that Alamo Group Inc. has been effectively managing its assets to drive profitability. It indicates that the company is becoming more efficient in utilizing its resources to generate earnings.
Overall, the consistent improvement in ROA reflects positively on Alamo Group Inc.'s operational performance and financial health, demonstrating its ability to generate higher returns from its asset base over the analyzed period.
Peer comparison
Dec 31, 2023