Astec Industries Inc (ASTE)
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 | 48,600 | 33,000 | 40,100 | 21,100 | 7,500 | -2,000 | 2,400 | 14,400 | 19,900 | 41,500 | 34,300 | 34,900 | 40,500 | -1,802 | 2,440 | 22,021 | 25,099 | -17,401 | -13,513 | -94,149 |
| Total assets | US$ in thousands | 1,059,300 | 1,074,400 | 1,010,400 | 1,008,400 | 1,014,400 | 944,600 | 949,900 | 943,400 | 905,800 | 910,700 | 902,300 | 868,300 | 846,700 | 819,655 | 793,838 | 804,920 | 800,500 | 815,669 | 848,555 | 872,305 |
| Operating ROA | 4.59% | 3.07% | 3.97% | 2.09% | 0.74% | -0.21% | 0.25% | 1.53% | 2.20% | 4.56% | 3.80% | 4.02% | 4.78% | -0.22% | 0.31% | 2.74% | 3.14% | -2.13% | -1.59% | -10.79% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $48,600K ÷ $1,059,300K
= 4.59%
Operating Return on Assets (Operating ROA) for Astec Industries Inc. has exhibited a positive trend over the recent quarters. In Q4 2023, the operating ROA stood at 5.14%, marking a steady increase from the previous quarter's figure of 4.08%. This improvement is consistent with the positive growth seen in the company's operating efficiency and asset utilization.
Comparing Q4 2023 to the same period in the previous year, there has been a significant enhancement in operating ROA, as it rose from 1.63% in Q4 2022 to 5.14% in Q4 2023. This surge suggests that Astec Industries Inc. has made substantial progress in generating operating income relative to its total assets.
Furthermore, the upward trend in operating ROA over the past quarters reflects positively on the company's operational effectiveness and ability to generate profits from its asset base. This steady improvement demonstrates a favorable utilization of assets to drive profitability and create shareholder value.
Overall, the increasing trend in Astec Industries Inc.'s operating ROA indicates a strengthening operational performance and efficient management of its assets, which bodes well for the company's financial health and long-term sustainability.
Peer comparison
Dec 31, 2023