Caterpillar Inc (CAT)
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 | 10,792,000 | 10,677,000 | 11,007,000 | 11,248,000 | 10,335,000 | 9,113,000 | 8,360,000 | 7,111,000 | 6,705,000 | 7,371,000 | 6,756,000 | 6,496,000 | 6,489,000 | 5,149,000 | 4,391,000 | 3,436,000 | 2,998,000 | 3,316,000 | 4,142,000 | 5,304,000 |
| 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 |
| ROA | 12.30% | 12.38% | 13.21% | 13.43% | 11.81% | 10.50% | 9.79% | 8.50% | 8.18% | 9.11% | 8.33% | 7.90% | 7.84% | 6.37% | 5.37% | 4.26% | 3.83% | 4.32% | 5.41% | 6.99% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $10,792,000K ÷ $87,764,000K
= 12.30%
Caterpillar Inc's return on assets (ROA) has exhibited fluctuating trends over the analyzed periods. Starting at 6.99% in March 2020, the ROA decreased to 3.83% by December 2020, indicating a decline in asset profitability. However, from March 2021 to June 2023, the ROA showed a consistent upward trajectory, reaching 13.21% in June 2024.
This improvement suggests that Caterpillar Inc effectively utilized its assets to generate higher returns during these periods. The ROA peaked at 13.43% in March 2024, indicating the company's ability to efficiently generate profits from its available assets.
While there was a slight decrease in the ROA to 12.30% by December 2024, the overall trend showcases Caterpillar Inc's management's ability to generate increasing returns from its asset base over the analyzed timeframe. This performance reflects positively on the company's operational efficiency and asset utilization strategies.
Peer comparison
Dec 31, 2024