Curtiss-Wright Corporation (CW)
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 | 354,509 | 343,646 | 320,636 | 310,509 | 294,348 | 261,904 | 257,839 | 248,375 | 267,159 | 244,573 | 239,490 | 209,100 | 201,392 | 236,807 | 254,697 | 303,751 | 307,583 | 301,010 | 292,983 | 287,699 |
| Total assets | US$ in thousands | 4,620,970 | 4,413,960 | 4,441,100 | 4,362,120 | 4,448,300 | 4,342,160 | 4,402,530 | 4,089,370 | 4,103,540 | 4,083,300 | 4,084,980 | 3,981,050 | 4,021,330 | 3,959,780 | 3,642,670 | 3,631,390 | 3,764,260 | 3,482,310 | 3,426,640 | 3,328,800 |
| ROA | 7.67% | 7.79% | 7.22% | 7.12% | 6.62% | 6.03% | 5.86% | 6.07% | 6.51% | 5.99% | 5.86% | 5.25% | 5.01% | 5.98% | 6.99% | 8.36% | 8.17% | 8.64% | 8.55% | 8.64% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $354,509K ÷ $4,620,970K
= 7.67%
Curtiss-Wright Corp.'s return on assets (ROA) has shown a consistent positive trend over the past eight quarters. The company's ROA has improved from 6.07% in Q1 2022 to 7.67% in Q4 2023, indicating the company's ability to generate higher profits relative to its total assets. This positive trend suggests that Curtiss-Wright Corp. has been utilizing its assets efficiently to generate earnings for its shareholders. The steady increase in ROA reflects the company's effective management of its assets and resources to drive profitability. Overall, the improving trend in ROA demonstrates Curtiss-Wright Corp.'s strong operational performance and financial health.
Peer comparison
Dec 31, 2023