Cummins Inc (CMI)
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 | 735,000 | 2,797,000 | 2,541,000 | 2,523,000 | 2,151,000 | 1,914,000 | 2,048,000 | 1,946,000 | 2,131,000 | 3,098,000 | 3,065,000 | 2,741,000 | 2,649,000 | 2,601,000 | 2,722,000 | 3,121,000 | 3,273,000 | 3,506,000 | 3,576,000 | 4,341,000 |
| Total assets | US$ in thousands | 32,005,000 | 32,097,000 | 31,735,000 | 31,433,000 | 30,299,000 | 29,769,000 | 24,477,000 | 24,122,000 | 23,710,000 | 23,063,000 | 22,608,000 | 22,962,000 | 22,624,000 | 21,568,000 | 20,314,000 | 20,076,000 | 19,737,000 | 20,346,000 | 20,254,000 | 19,846,000 |
| ROA | 2.30% | 8.71% | 8.01% | 8.03% | 7.10% | 6.43% | 8.37% | 8.07% | 8.99% | 13.43% | 13.56% | 11.94% | 11.71% | 12.06% | 13.40% | 15.55% | 16.58% | 17.23% | 17.66% | 21.87% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $735,000K ÷ $32,005,000K
= 2.30%
- Cummins Inc.'s Return on Assets (ROA) fluctuated over the past eight quarters, ranging from a low of 2.30% in Q4 2023 to a high of 8.71% in Q3 2023.
- The ROA performance in the recent quarters has been relatively strong, consistently above 6%.
- The company's average ROA over the eight quarters stands at 7.33%, indicating efficient asset utilization to generate profits.
- The ROA spike in Q3 2023 suggests a notable improvement in profitability relative to the previous quarters.
- Further analysis is needed to determine the factors that drove the fluctuations in ROA over the periods and to assess the sustainability of the recent positive performance.
Peer comparison
Dec 31, 2023