Armstrong World Industries Inc (AWI)
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 | 223,800 | 225,800 | 213,800 | 205,800 | 202,900 | 196,000 | 189,300 | 192,200 | 183,200 | 164,100 | 167,300 | 162,500 | -99,100 | -74,200 | -55,000 | -50,800 | 214,500 | 201,400 | 204,400 | 197,200 |
| Total assets | US$ in thousands | 1,672,400 | 1,713,800 | 1,712,300 | 1,687,900 | 1,687,200 | 1,739,400 | 1,734,000 | 1,708,100 | 1,710,000 | 1,704,900 | 1,716,700 | 1,715,300 | 1,718,500 | 1,633,700 | 1,544,300 | 1,590,300 | 1,493,300 | 1,509,700 | 1,890,000 | 1,942,600 |
| ROA | 13.38% | 13.18% | 12.49% | 12.19% | 12.03% | 11.27% | 10.92% | 11.25% | 10.71% | 9.63% | 9.75% | 9.47% | -5.77% | -4.54% | -3.56% | -3.19% | 14.36% | 13.34% | 10.81% | 10.15% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $223,800K ÷ $1,672,400K
= 13.38%
Armstrong World Industries Inc. has demonstrated a consistent improvement in its return on assets (ROA) over the past eight quarters, reflecting the efficiency with which the company is utilizing its assets to generate profits. The ROA has been steadily increasing from 10.89% in Q2 2022 to 13.38% in Q4 2023. This trend suggests that the company has been able to enhance its profitability relative to the size of its asset base. The increasing ROA indicates that Armstrong World Industries is effectively managing its assets to generate earnings, which is a positive sign for investors and stakeholders. Overall, the upward trajectory of the ROA indicates the company's improving operational efficiency and financial performance.
Peer comparison
Dec 31, 2023