Topbuild Corp (BLD)
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 | 886,343 | 873,693 | 867,192 | 893,903 | 878,826 | 877,141 | 862,523 | 832,641 | 797,164 | 712,491 | 623,423 | 544,488 | 476,421 | 461,056 | 428,773 | 380,941 | 355,043 | 328,387 | 307,309 | 302,894 |
| Total assets | US$ in thousands | 4,735,430 | 4,650,520 | 4,902,990 | 5,310,450 | 5,162,850 | 5,014,090 | 4,857,950 | 4,700,910 | 4,606,830 | 4,506,120 | 4,420,980 | 4,361,560 | 4,258,530 | 3,120,690 | 2,998,720 | 2,892,100 | 2,815,280 | 2,747,800 | 2,670,580 | 2,631,840 |
| Operating ROA | 18.72% | 18.79% | 17.69% | 16.83% | 17.02% | 17.49% | 17.75% | 17.71% | 17.30% | 15.81% | 14.10% | 12.48% | 11.19% | 14.77% | 14.30% | 13.17% | 12.61% | 11.95% | 11.51% | 11.51% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $886,343K ÷ $4,735,430K
= 18.72%
Operating Return on Assets (Operating ROA) is a measure of a company's profitability in relation to its total assets. The trend analysis of Topbuild Corp's Operating ROA indicates a generally positive performance over the past five years.
Between March 31, 2020, and December 31, 2021, Topbuild Corp's Operating ROA showed a consistent growth trajectory, increasing from 11.51% to 12.61%. There was a significant improvement in Operating ROA in the following quarters, reaching a peak of 18.72% by December 31, 2024.
Overall, the company's ability to generate operating income from its assets improved steadily over the period under review. The upward trend in Operating ROA demonstrates efficient asset utilization and profitability management by Topbuild Corp.
However, it is worth noting that there was a slight dip in Operating ROA in the first quarter of 2025 compared to the previous quarter. This could be an area for further investigation to understand the factors influencing the decrease in profitability relative to asset utilization.