BWX Technologies Inc (BWXT)
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 | 245,849 | 222,927 | 224,257 | 240,273 | 238,191 | 312,087 | 310,398 | 295,132 | 305,871 | 254,752 | 268,009 | 272,920 | 278,670 | 274,377 | 276,016 | 270,636 | 244,115 | 204,601 | 207,710 | 209,495 |
| Total assets | US$ in thousands | 2,747,060 | 2,776,840 | 2,740,570 | 2,718,910 | 2,618,940 | 2,672,060 | 2,705,520 | 2,569,110 | 2,501,380 | 2,489,710 | 2,566,400 | 2,351,910 | 2,293,500 | 2,124,310 | 1,971,360 | 1,966,600 | 1,908,910 | 1,826,420 | 1,756,480 | 1,716,790 |
| ROA | 8.95% | 8.03% | 8.18% | 8.84% | 9.09% | 11.68% | 11.47% | 11.49% | 12.23% | 10.23% | 10.44% | 11.60% | 12.15% | 12.92% | 14.00% | 13.76% | 12.79% | 11.20% | 11.83% | 12.20% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $245,849K ÷ $2,747,060K
= 8.95%
To analyze BWX Technologies Inc's return on assets (ROA) based on the provided data, it is observed that the ROA has been consistently above 8% over the past eight quarters. The ROA ranged from a low of 8.03% in Q3 2023 to a high of 11.68% in Q3 2022. This indicates that the company has been effectively generating profits relative to its total assets.
The decreasing trend in ROA from Q3 2022 to Q3 2023 reflects a potential decline in the company's efficiency in generating profits from its assets during this period. However, the ROA rebounded slightly in Q4 2023 to 8.95%, which may suggest some improvement in asset utilization or profitability.
Overall, BWX Technologies Inc's ROA performance demonstrates a relatively strong ability to generate returns on its assets, albeit with some fluctuations. Further analysis of the company's financial performance and business operations would provide deeper insights into the factors driving these ROA trends.
Peer comparison
Dec 31, 2023