Arrow Electronics Inc (ARW)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,471,164 | 1,677,081 | 1,839,692 | 1,980,270 | 2,068,494 | 2,057,830 | 1,960,001 | 1,767,695 | 1,556,822 | 1,366,302 | 1,199,619 | 1,055,710 | 894,511 | 811,207 | 746,243 | 440 | 107,696 | 203,968 | 321,060 | 1,157,077 |
| Total assets | US$ in thousands | 21,726,200 | 20,638,400 | 20,535,900 | 20,276,500 | 21,763,200 | 20,505,700 | 19,894,400 | 19,512,900 | 19,535,500 | 17,430,500 | 16,842,800 | 16,173,600 | 17,053,900 | 15,496,600 | 15,604,500 | 15,391,500 | 16,400,800 | 15,689,700 | 16,024,400 | 16,830,800 |
| Operating ROA | 6.77% | 8.13% | 8.96% | 9.77% | 9.50% | 10.04% | 9.85% | 9.06% | 7.97% | 7.84% | 7.12% | 6.53% | 5.25% | 5.23% | 4.78% | 0.00% | 0.66% | 1.30% | 2.00% | 6.87% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,471,164K ÷ $21,726,200K
= 6.77%
To analyze Arrow Electronics Inc.'s operating return on assets (operating ROA) based on the provided data, we observe a fluctuating trend over the past eight quarters. The operating ROA ranged from 7.19% to 10.12% during this period.
In Q1 2022, the operating ROA was at 9.15%, which increased to 9.91% in Q2 2022. Despite a slight decline to 9.60% in Q3 2022, Arrow Electronics Inc. saw a rise in operating ROA to 9.86% in Q1 2023. This positive trend continued with operating ROA reaching 9.09% in Q2 2023 and 8.39% in Q3 2023.
However, there was a notable decrease in operating ROA to 7.19% in Q4 2023, marking the lowest level in the given period. The decline in operating ROA in the latest quarter could indicate potential challenges in generating operating income relative to the company's asset base during this period.
Overall, Arrow Electronics Inc.'s operating ROA has shown variation in performance over the quarters, and further analysis of the company's operational efficiency and asset utilization may provide insights into the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023