Api Group Corp (APG)
Operating return on assets (Operating ROA)
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 475,000 | 491,000 | 450,000 | 412,000 | 386,000 | 359,000 | 264,000 | 221,000 | 173,000 | 104,000 | 174,000 | 154,000 | 142,000 | 136,000 | 65,000 | 86,000 | 66,000 | -166,000 | -306,000 | -352,497 |
| Total assets | US$ in thousands | 8,098,000 | 8,152,000 | 8,245,000 | 7,961,000 | 7,192,000 | 7,590,000 | 7,949,000 | 7,974,000 | 7,766,000 | 8,091,000 | 7,941,000 | 8,054,000 | 8,142,000 | 5,159,000 | 4,783,000 | 4,243,000 | 4,218,000 | 4,065,000 | 3,826,000 | 3,770,000 |
| Operating ROA | 5.87% | 6.02% | 5.46% | 5.18% | 5.37% | 4.73% | 3.32% | 2.77% | 2.23% | 1.29% | 2.19% | 1.91% | 1.74% | 2.64% | 1.36% | 2.03% | 1.56% | -4.08% | -8.00% | -9.35% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $475,000K ÷ $8,098,000K
= 5.87%
The operating return on assets (ROA) for Api Group Corp exhibits a notable trend of recovery and growth over the analyzed period. Beginning in June 2020, the company reported a negative operating ROA of -9.35%, indicating initial challenges in generating operating income relative to its assets amidst the economic context of that time. This negative figure improved progressively through subsequent quarters, narrowing to -8.00% by September 2020, and further to -4.08% by the end of 2020.
The turning point is observed in the first quarter of 2021, when the operating ROA transitioned into positive territory at 1.56%, marking a significant shift in operational efficiency and asset utilization. The positive trend continued with incremental increases, reaching approximately 2%–2.6% levels in the subsequent periods—namely, 2.03% in June 2021, 1.36% in September 2021, and 2.64% by the end of December 2021.
Throughout 2022, the operating ROA maintained a generally upward trajectory, peaking at 2.19% in September 2022, then declining slightly to 1.29% at year-end. In 2023, improvement persisted with figures rising to 2.23% in the first quarter, 2.77% in June, and 3.32% in September, before further strengthening to 4.73% by the close of December 2023.
From the beginning of 2024 onwards, the trend of increasing operating ROA continued robustly, reaching 5.37% in March, with slight fluctuations thereafter—declining marginally to 5.18% in June but then rising again to 5.46% in September and achieving 6.02% in December 2024. The first quarter of 2025 reflects a slight decrease to 5.87%, yet the figure remains indicative of a consistent trend of operational improvement.
Overall, the data depict a substantial turnaround from a period of negative returns to sustained positive operating ROA, signifying enhanced operational efficiency, better asset utilization, and improved profitability over the analyzed timeframe. The consistent upward momentum in recent periods suggests a positive trajectory in the company's operational performance.
Peer comparison
Mar 31, 2025