Badger Meter Inc (BMI)
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 | 124,942 | 118,946 | 112,877 | 102,314 | 92,598 | 85,416 | 77,380 | 71,551 | 66,496 | 66,233 | 64,155 | 61,463 | 60,884 | 56,702 | 55,708 | 51,270 | 49,343 | 48,523 | 46,383 | 48,207 |
| Total assets | US$ in thousands | 816,413 | 802,861 | 781,260 | 743,474 | 716,919 | 689,757 | 659,252 | 633,403 | 603,047 | 574,373 | 560,031 | 545,938 | 530,818 | 515,047 | 499,016 | 486,295 | 468,380 | 448,636 | 439,533 | 430,956 |
| ROA | 15.30% | 14.82% | 14.45% | 13.76% | 12.92% | 12.38% | 11.74% | 11.30% | 11.03% | 11.53% | 11.46% | 11.26% | 11.47% | 11.01% | 11.16% | 10.54% | 10.53% | 10.82% | 10.55% | 11.19% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $124,942K ÷ $816,413K
= 15.30%
Badger Meter Inc's return on assets (ROA) has shown a positive trend over the analyzed period, increasing from 11.19% as of March 31, 2020, to 15.30% as of December 31, 2024. The company's ability to generate profit relative to its total assets has been improving steadily.
The ROA fluctuated during the period, with minor variations in some quarters but overall demonstrating an upward trajectory. This indicates that Badger Meter Inc has been efficiently utilizing its assets to generate earnings. The percentage reached its peak at 15.30% by the end of 2024, representing the highest return on assets achieved in the period under review.
Overall, the consistent increase in ROA reflects positively on Badger Meter Inc's operational efficiency and management's ability to generate profits from its asset base. An increasing ROA suggests that the company is becoming more efficient in utilizing its assets to generate earnings for its shareholders.
Peer comparison
Dec 31, 2024