Allegion PLC (ALLE)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 565,100 | 563,200 | 537,400 | 535,100 |
| Total assets | US$ in thousands | 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 | 2,967,200 | 2,865,400 | 2,849,300 | 2,800,800 |
| Operating ROA | 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% | 19.04% | 19.66% | 18.86% | 19.11% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $708,400K ÷ $4,311,500K
= 16.43%
Allegion plc's operating return on assets (ROA) has shown a consistent upward trend over the past eight quarters. The operating ROA increased from 14.69% in Q4 2022 to 16.60% in Q4 2023. This improvement indicates that the company is becoming more efficient in generating operating income relative to its total assets. The operating ROA remained above 15% in the last four quarters, signaling strong operational performance. It peaked at 17.18% in Q1 2022, showing the company's ability to effectively utilize its assets to generate profits. Overall, Allegion plc's increasing trend in operating ROA reflects its efficiency and effectiveness in utilizing its assets to drive profitability.