Badger Meter Inc (BMI)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 118,049 | 108,444 | 100,893 | 93,479 | 87,295 | 87,682 | 83,251 | 79,838 | 78,723 | 72,824 | 72,898 | 66,887 | 65,155 | 64,536 | 61,467 | 63,836 | 62,148 | 60,615 | 59,904 | 61,222 |
| Total assets | US$ in thousands | 716,919 | 689,757 | 659,252 | 633,403 | 603,047 | 574,373 | 560,031 | 545,938 | 530,818 | 519,027 | 499,016 | 486,295 | 471,217 | 448,636 | 439,533 | 430,956 | 421,893 | 417,490 | 404,861 | 403,249 |
| Operating ROA | 16.47% | 15.72% | 15.30% | 14.76% | 14.48% | 15.27% | 14.87% | 14.62% | 14.83% | 14.03% | 14.61% | 13.75% | 13.83% | 14.38% | 13.98% | 14.81% | 14.73% | 14.52% | 14.80% | 15.18% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $118,049K ÷ $716,919K
= 16.47%
Badger Meter Inc.'s operating return on assets (operating ROA) has shown a generally positive trend over the past eight quarters. The operating ROA has consistently increased from 14.48% in Q4 2022 to 16.47% in Q4 2023, reflecting improved operational efficiency and profitability.
The company's ability to generate operating profits relative to its total assets has strengthened over the period examined. This indicates effective utilization of the firm's assets to generate operating income, a key aspect of financial performance. Moreover, the average operating ROA over the last eight quarters stands at a healthy level, indicating the company's ability to efficiently use its assets to generate earnings.
Overall, the upward trend in Badger Meter Inc.'s operating ROA suggests that the company is effectively managing its assets and operations to drive profitability and create value for its stakeholders.
Peer comparison
Dec 31, 2023