Badger Meter Inc (BMI)
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 | 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 | 47,177 | 46,142 | 36,272 | 31,068 |
| 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 |
| ROA | 12.92% | 12.38% | 11.74% | 11.30% | 11.03% | 11.53% | 11.46% | 11.26% | 11.47% | 10.92% | 11.16% | 10.54% | 10.47% | 10.82% | 10.55% | 11.19% | 11.18% | 11.05% | 8.96% | 7.70% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $92,598K ÷ $716,919K
= 12.92%
Badger Meter Inc.'s return on assets (ROA) has shown a consistently positive trend over the past eight quarters, ranging from 11.03% to 12.92%. This indicates that the company is generating healthy profits relative to its total assets. The increasing trend in ROA over the quarters reflects the company's efficient utilization of its assets to generate earnings.
The Q4 2023 ROA of 12.92% marks the highest level among the data points provided, suggesting that the company achieved a robust return on its assets during this period. This could be attributed to effective management of assets, improved operational efficiency, or successful investment decisions.
Overall, the consistently positive and increasing trend in Badger Meter Inc.'s ROA suggests that the company has been successful in generating earnings from its assets, which is a positive indication of its financial performance and efficiency in using its resources to generate profits.
Peer comparison
Dec 31, 2023