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.
Peer comparison
Dec 31, 2024