Crane Company (CR)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 292,600 | |||
| Total assets | US$ in thousands | 2,333,600 | 2,191,900 | 2,179,100 | 2,231,700 |
| Operating ROA | 12.54% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $292,600K ÷ $2,333,600K
= 12.54%
Crane Company's operating return on assets (operating ROA) was 12.54% as of December 31, 2023. This indicates that for every dollar of assets the company utilizes in its operations, it generated a return of 12.54 cents. A higher operating ROA suggests that the company is effectively utilizing its assets to generate operating profits, which can be a positive indicator of operational efficiency and profitability. It is important to monitor this ratio over time to assess the company's ability to generate returns from its asset base.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating ROA
Crane Company
CR
12.54%
Barnes Group Inc
B
2.69%
Crane NXT Co
CXT
17.52%
Parker-Hannifin Corporation
PH
13.89%
Watts Water Technologies Inc
WTS
15.19%