Smith AO Corporation (AOS)
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 | 707,700 | 811,000 | 828,100 | 831,300 | 809,600 | 458,400 | 428,800 | 379,400 | 362,000 | 715,400 | 730,300 | 716,300 | 682,000 | 653,900 | 625,200 | 560,500 | 503,200 | 463,900 | 439,800 | 485,700 |
| Total assets | US$ in thousands | 3,240,000 | 3,154,200 | 3,197,600 | 3,182,200 | 3,213,900 | 3,200,100 | 3,248,800 | 3,336,300 | 3,332,300 | 3,231,900 | 3,321,400 | 3,434,900 | 3,474,400 | 3,300,000 | 3,140,200 | 3,106,800 | 3,160,700 | 2,971,100 | 2,984,200 | 2,983,000 |
| Operating ROA | 21.84% | 25.71% | 25.90% | 26.12% | 25.19% | 14.32% | 13.20% | 11.37% | 10.86% | 22.14% | 21.99% | 20.85% | 19.63% | 19.82% | 19.91% | 18.04% | 15.92% | 15.61% | 14.74% | 16.28% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $707,700K ÷ $3,240,000K
= 21.84%
Smith AO Corporation's operating return on assets (operating ROA) has exhibited fluctuations over the periods covered in the data provided. The trend shows a generally increasing pattern from March 31, 2020, to December 31, 2023, with a peak at 26.12% on March 31, 2024. This indicates that the company was able to generate higher operating income relative to its assets during this timeframe.
However, the operating ROA experienced a decline in the subsequent periods from June 30, 2024, to December 31, 2024, dropping to 21.84%. Despite this dip, the operating ROA remained at a relatively high level compared to the earlier periods.
Overall, the fluctuation in Smith AO Corporation's operating ROA suggests variations in the company's operational efficiency and profitability in utilizing its assets to generate operating income. It would be important to monitor future financial performance to assess whether the trend continues or stabilizes.
Peer comparison
Dec 31, 2024