Topbuild Corp (BLD)
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 | 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 | 190,995 | 183,563 | 171,245 | 146,347 |
| Total assets | US$ in thousands | 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 | 2,603,960 | 2,624,120 | 2,581,120 | 2,542,830 |
| ROA | 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% | 7.33% | 7.00% | 6.63% | 5.76% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $614,256K ÷ $5,162,850K
= 11.90%
TopBuild Corp's Return on Assets (ROA) has been consistently increasing over the past quarters, indicating improving efficiency in generating profits from its assets. The ROA for Q4 2023 stood at 11.90%, a slight decrease from the previous quarter's 12.20%. However, the company's ROA remains relatively high, reflecting strong performance in utilizing its assets to generate earnings.
Comparing the latest ROA figure with the values from the same period in the previous year, there is a noticeable improvement. In Q4 2022, the ROA was 12.07%, indicating a positive trend in the company's asset utilization efficiency.
Overall, the upward trend in TopBuild Corp's ROA suggests that the company is effectively managing its assets to generate profits, which is a positive signal for investors and stakeholders. It indicates that the company is becoming more efficient in utilizing its resources to drive profitability.