Astec Industries Inc (ASTE)
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 | 33,500 | 17,600 | 24,900 | 7,900 | -100 | -9,100 | -800 | 11,400 | 15,800 | 41,200 | 33,800 | 34,800 | 46,900 | 13,100 | 14,500 | 28,600 | 22,300 | -6,289 | -2,294 | -66,368 |
| 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 |
| ROA | 3.16% | 1.64% | 2.46% | 0.78% | -0.01% | -0.96% | -0.08% | 1.21% | 1.74% | 4.52% | 3.75% | 4.01% | 5.54% | 1.60% | 1.83% | 3.55% | 2.79% | -0.77% | -0.27% | -7.61% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $33,500K ÷ $1,059,300K
= 3.16%
Astec Industries Inc.'s return on assets (ROA) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROA increased significantly to 3.16%, indicating an improvement in the company's ability to generate profits relative to its total assets. This is a positive sign for investors and indicates efficient asset utilization.
The ROA had been relatively stable in the range of 0.78% to 2.46% in the preceding quarters of 2023. The company demonstrated a positive performance during this period, maintaining a moderate level of return on assets.
In comparison to the prior year quarters, the ROA has shown a clear improvement, particularly notable when comparing Q4 2023 to Q4 2022, where the company reported a negative ROA of -0.01%. This turnaround suggests that Astec Industries Inc. has made progress in managing its assets effectively and generating higher returns for its stakeholders.
Overall, based on the trend observed in the ROA data, Astec Industries Inc. appears to be enhancing its operational efficiency and financial performance, which could be an indication of a positive outlook for the company's future profitability and growth potential. However, further analysis and monitoring of the ROA trend will be essential to assess the company's ongoing financial health and performance.
Peer comparison
Dec 31, 2023