Allegion PLC (ALLE)
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 | 597,500 | 572,000 | 554,100 | 540,700 | 540,400 | 557,100 | 515,400 | 488,500 | 458,000 | 435,500 | 464,400 | 468,000 | 483,000 | 463,500 | 466,900 | 421,900 | 314,300 | 301,700 | 286,400 | 322,000 |
| 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 |
| ROA | 13.31% | 11.50% | 11.59% | 12.61% | 12.53% | 13.32% | 12.38% | 11.84% | 11.48% | 11.04% | 12.71% | 15.56% | 15.83% | 14.87% | 15.26% | 14.31% | 10.24% | 9.96% | 10.11% | 11.68% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $597,500K ÷ $4,487,800K
= 13.31%
Allegion PLC's return on assets (ROA) has displayed some fluctuations over the provided time period. The ROA ranged from a low of 9.96% on September 30, 2020, to a high of 15.83% on December 31, 2021.
Overall, the ROA trend has shown variability but has generally remained above 10% for most quarters, indicating efficient asset utilization and profitability by the company. The improvement in ROA from 2020 to 2021 suggests enhanced efficiency in generating profits from its assets.
However, there was a slight decrease in ROA towards the end of the timeline, with the ratio moving from 12.61% on March 31, 2024, to 11.50% on September 30, 2024. This decline may indicate a temporary decrease in profitability or a change in the asset base's effectiveness.
In conclusion, Allegion PLC's ROA performance demonstrates a generally positive trend, with some fluctuations, suggesting an efficient use of assets to generate profits overall. Further analysis of the underlying factors contributing to the variations in ROA may provide more insights into the company's financial performance.