Archrock Inc (AROC)
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 | 104,998 | 82,454 | 66,967 | 59,060 | 44,296 | 39,830 | 33,763 | 25,769 | 28,217 | 27,016 | 36,044 | -3,089 | -68,445 | -27,192 | -25,117 | 16,687 | 97,330 | 64,254 | 53,821 | 44,335 |
| Total assets | US$ in thousands | 2,655,950 | 2,672,110 | 2,680,020 | 2,619,910 | 2,598,750 | 2,605,600 | 2,601,330 | 2,600,020 | 2,589,970 | 2,618,220 | 2,695,660 | 2,722,530 | 2,779,720 | 2,865,670 | 2,928,390 | 3,016,840 | 3,109,980 | 3,100,800 | 2,661,310 | 2,634,260 |
| ROA | 3.95% | 3.09% | 2.50% | 2.25% | 1.70% | 1.53% | 1.30% | 0.99% | 1.09% | 1.03% | 1.34% | -0.11% | -2.46% | -0.95% | -0.86% | 0.55% | 3.13% | 2.07% | 2.02% | 1.68% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $104,998K ÷ $2,655,950K
= 3.95%
Archrock Inc's return on assets (ROA) has shown an upward trend over the past eight quarters, indicating an improvement in the company's ability to generate profits relative to its total assets. In Q4 2023, the ROA reached 3.88%, the highest level in the data set, reflecting an efficient utilization of assets to generate earnings. This represents a significant increase compared to the ROA of 0.95% in Q1 2022, showing a steady improvement in the company's asset efficiency over time. The consistent growth in ROA suggests that Archrock Inc has been effectively managing its assets to drive profitability and create value for its shareholders.
Peer comparison
Dec 31, 2023