Topbuild Corp (BLD)
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 | 622,602 | 618,448 | 617,090 | 630,767 | 614,256 | 611,705 | 597,849 | 577,146 | 555,987 | 490,512 | 432,201 | 378,884 | 324,015 | 316,414 | 290,975 | 256,091 | 247,020 | 222,248 | 207,228 | 203,783 |
| 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 |
| ROA | 13.15% | 13.30% | 12.59% | 11.88% | 11.90% | 12.20% | 12.31% | 12.28% | 12.07% | 10.89% | 9.78% | 8.69% | 7.61% | 10.14% | 9.70% | 8.85% | 8.77% | 8.09% | 7.76% | 7.74% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $622,602K ÷ $4,735,430K
= 13.15%
Topbuild Corp's return on assets (ROA) has shown a positive trend over the past few years, indicating efficient utilization of its assets to generate profits. The ROA increased steadily from 7.74% in March 2020 to 13.15% in December 2024. This improvement suggests that the company has been effectively managing its assets to generate higher earnings relative to its total assets.
The highest ROA of 13.30% was recorded in September 30, 2024, indicating a peak in asset efficiency during that period. However, there was a slight dip in ROA in the following quarter, decreasing to 13.15% by December 31, 2024, although the overall trend remains positive.
The consistently increasing ROA reflects a strong performance in converting assets into profits, which is essential for sustaining and growing the company's financial health. It suggests effective operational management and strategic decision-making in deploying resources to maximize returns. Continued monitoring and analysis of ROA will provide insights into the company's efficiency in generating profits from its asset base.