Allegion PLC (ALLE)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 780,700 | 755,800 | 733,900 | 709,500 | 708,400 | 708,100 | 677,900 | 640,400 | 586,400 | 542,100 | 517,600 | 515,900 | 530,200 | 532,800 | 554,800 | 505,900 | 403,500 | 429,100 | 436,800 | 486,000 |
| Total assets | US$ in thousands | 4,487,800 | 4,973,700 | 4,779,100 | 4,286,900 | 4,311,500 | 4,183,100 | 4,163,800 | 4,124,400 | 3,991,200 | 3,943,300 | 3,653,700 | 3,007,600 | 3,051,000 | 3,116,700 | 3,060,100 | 2,947,900 | 3,069,400 | 3,027,700 | 2,833,900 | 2,757,700 |
| Operating ROA | 17.40% | 15.20% | 15.36% | 16.55% | 16.43% | 16.93% | 16.28% | 15.53% | 14.69% | 13.75% | 14.17% | 17.15% | 17.38% | 17.10% | 18.13% | 17.16% | 13.15% | 14.17% | 15.41% | 17.62% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $780,700K ÷ $4,487,800K
= 17.40%
The operating return on assets (Operating ROA) for Allegion PLC has been relatively stable over the analyzed period, ranging from a low of 13.15% on December 31, 2020, to a high of 18.13% on June 30, 2021. The average Operating ROA for the period is approximately 16.20%.
Allegion PLC's Operating ROA indicates the company's efficiency in generating profits from its assets used in operations. A higher Operating ROA suggests that Allegion is utilizing its assets effectively to generate operating income.
The slight fluctuation in the Operating ROA throughout the period may be due to changes in operating income and the value of assets employed in the business. It is essential for Allegion to monitor and manage its assets efficiently to maintain or improve its Operating ROA over time.
Investors and stakeholders can use the Operating ROA to assess Allegion's operational performance and compare it to industry peers. A consistent and healthy Operating ROA indicates strong operational efficiency and profitability, reflecting positively on the company's financial health.