Caterpillar Inc (CAT)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 13,324,000 | 13,534,000 | 13,836,000 | 13,748,000 | 12,966,000 | 11,512,000 | 10,488,000 | 8,780,000 | 7,904,000 | 7,835,000 | 7,074,000 | 6,919,000 | 6,878,000 | 6,647,000 | 5,968,000 | 4,963,000 | 4,553,000 | 5,023,000 | 6,058,000 | 7,487,000 |
| Total assets | US$ in thousands | 87,764,000 | 86,273,000 | 83,336,000 | 83,741,000 | 87,476,000 | 86,791,000 | 85,427,000 | 83,649,000 | 81,943,000 | 80,907,000 | 81,107,000 | 82,276,000 | 82,793,000 | 80,784,000 | 81,697,000 | 80,729,000 | 78,324,000 | 76,741,000 | 76,566,000 | 75,894,000 |
| Operating ROA | 15.18% | 15.69% | 16.60% | 16.42% | 14.82% | 13.26% | 12.28% | 10.50% | 9.65% | 9.68% | 8.72% | 8.41% | 8.31% | 8.23% | 7.31% | 6.15% | 5.81% | 6.55% | 7.91% | 9.87% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $13,324,000K ÷ $87,764,000K
= 15.18%
Caterpillar Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past few years. The operating ROA started at 9.87% as of March 31, 2020, and gradually decreased to a low of 5.81% by December 31, 2020. However, there was a slight recovery in the following quarters with the operating ROA reaching 8.31% by December 31, 2021.
From March 31, 2022, the operating ROA started to show consistent improvement, gradually increasing to 15.18% by December 31, 2024. The most significant growth was observed in the latter half of 2023 and the first half of 2024, with the operating ROA reaching a peak of 16.60% by June 30, 2024.
Overall, the upward trend in the operating ROA indicates that Caterpillar Inc has been effectively generating operating profits relative to its assets, which is a positive sign for the company's financial performance and efficiency in asset utilization during the period under consideration.
Peer comparison
Dec 31, 2024