Ametek Inc (AME)

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	1,313,188	1,277,405	1,234,676	1,192,807	1,159,542	1,134,142	1,093,961	1,043,267	990,053	929,397	876,518	811,056	872,439	872,191	888,359	937,645	861,297	852,040	822,504	800,861
Total assets	US$ in thousands	15,023,500	13,093,400	12,839,900	12,616,000	12,431,100	12,038,900	11,985,000	11,972,000	11,898,200	11,679,700	11,755,300	10,579,900	10,357,500	10,433,400	10,311,200	10,601,900	9,844,560	9,219,710	9,069,600	8,891,480
ROA		8.74%	9.76%	9.62%	9.45%	9.33%	9.42%	9.13%	8.71%	8.32%	7.96%	7.46%	7.67%	8.42%	8.36%	8.62%	8.84%	8.75%	9.24%	9.07%	9.01%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,313,188K ÷ $15,023,500K
= 8.74%

To analyze Ametek Inc's return on assets (ROA) based on the provided data, we calculate the average ROA for the most recent eight quarters. The average ROA for Ametek Inc over this period is 9.29%. This indicates that, on average, the company generates a return of approximately 9.29 cents of profit for every dollar of assets it controls.

The trend in Ametek Inc's ROA over the past eight quarters shows a relatively stable performance, ranging from 8.71% to 9.76%. This suggests that the company has been able to consistently generate a healthy return on its assets, demonstrating operational efficiency and effective asset utilization.

A ROA of 9.29% is generally considered favorable, as it indicates that the company is efficiently using its assets to generate profits. It is essential to compare this figure with industry benchmarks and peer companies to gain a deeper understanding of Ametek Inc's performance relative to its competitors.

Overall, based on the trend and average ROA figures, Ametek Inc appears to have a solid performance in terms of generating returns from its assets, reflecting positively on its operational efficiency and management of resources.