Astec Industries Inc (ASTE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,300 | -1,900 | -2,300 | 24,800 | 33,500 | 17,600 | 24,700 | 7,700 | -300 | -8,500 | 300 | 13,200 | 17,800 | 42,400 | 34,700 | 35,000 | 46,900 | 12,314 | 13,724 | 27,801 |
| 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 |
| ROA | 0.41% | -0.18% | -0.21% | 2.21% | 3.16% | 1.64% | 2.44% | 0.76% | -0.03% | -0.90% | 0.03% | 1.40% | 1.95% | 4.66% | 3.85% | 4.03% | 5.53% | 1.50% | 1.73% | 3.45% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,300K ÷ $1,043,600K
= 0.41%
Astec Industries Inc's return on assets (ROA) has shown fluctuations over the periods analyzed. The ROA ranged from a high of 5.53% on December 31, 2020, to a low of -0.90% on September 30, 2022. The company's ROA deteriorated significantly in the latter half of 2022 and early 2023, with negative returns recorded for three consecutive quarters.
Subsequently, the ROA started to recover, showing positive trends from March 31, 2023, onwards. The positive trend continued through 2024, with the ROA reaching 3.16% on December 31, 2023. However, there were slight dips in the ROA in the second half of 2024, albeit staying above negative territory.
Overall, the analysis suggests that Astec Industries Inc has experienced both highs and lows in terms of its return on assets performance. It is important for the company to sustain positive ROA figures to demonstrate efficient utilization of assets in generating profits for its shareholders.
Peer comparison
Dec 31, 2024