Astec Industries Inc (ASTE)
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 | 61,000 | 45,100 | 47,100 | 43,000 | 48,600 | 34,000 | 41,000 | 23,000 | 10,800 | 900 | 5,800 | 17,700 | 22,100 | 45,600 | 38,100 | 37,800 | 43,100 | -2,869 | 1,273 | 20,855 |
| Total assets | US$ in thousands | 1,043,600 | 1,067,100 | 1,107,000 | 1,123,000 | 1,059,300 | 1,074,400 | 1,010,400 | 1,008,400 | 1,014,400 | 944,600 | 949,900 | 943,400 | 911,300 | 910,700 | 902,300 | 868,300 | 848,200 | 819,700 | 793,800 | 804,900 |
| Operating ROA | 5.85% | 4.23% | 4.25% | 3.83% | 4.59% | 3.16% | 4.06% | 2.28% | 1.06% | 0.10% | 0.61% | 1.88% | 2.43% | 5.01% | 4.22% | 4.35% | 5.08% | -0.35% | 0.16% | 2.59% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $61,000K ÷ $1,043,600K
= 5.85%
The operating return on assets (operating ROA) of Astec Industries Inc has shown some fluctuations over the past few years. From March 2020 to December 2024, the operating ROA ranged from as low as -0.35% in September 2020 to a high of 5.85% in December 2024.
There was a general upward trend in the operating ROA from 2020 to 2021, with the metric improving steadily. However, there was a slight dip in operating ROA in the second quarter of 2022.
In 2023, the operating ROA saw some volatility, fluctuating between 2.28% in March and 4.59% in December. The metric remained relatively stable in 2024, ranging between 3.83% in March and 5.85% in December.
It is evident that Astec Industries Inc's operating ROA has shown variability over the years, with some periods of improvement and others of relative stability or decline. This emphasizes the importance of monitoring and analyzing this ratio to assess the company's efficiency in generating profits from its assets.
Peer comparison
Dec 31, 2024