Caterpillar Inc (CAT)
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 | 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 | 8,290,000 | 8,323,000 | 8,438,000 | 8,392,000 |
| Total assets | US$ in thousands | 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 | 78,453,000 | 77,993,000 | 79,187,000 | 78,726,000 |
| Operating ROA | 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% | 10.57% | 10.67% | 10.66% | 10.66% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $12,966,000K ÷ $87,476,000K
= 14.82%
Operating ROA measures a company's efficiency in generating operating profits from its assets. Caterpillar Inc.'s operating ROA has shown a positive growth trend over the past eight quarters, indicating improved operational efficiency. In Q4 2023, the operating ROA reached 14.82%, representing the highest return on assets during the period analyzed. This indicates that Caterpillar Inc. generated $0.1482 in operating profit for every dollar of assets in that quarter. The consistent increase in operating ROA suggests that Caterpillar Inc. has been effectively utilizing its assets to generate higher operating profits over time. This improvement reflects positively on the company's operational performance and efficiency in managing its assets.
Peer comparison
Dec 31, 2023