Crane NXT Co (CXT)
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 | 373,100 | 441,900 | 440,200 | 444,800 | 439,600 | 385,500 | 452,300 | 523,500 | 516,500 | 483,300 | 414,400 | 298,500 | 240,200 | 50,900 | 84,300 | 178,400 | 210,400 | 455,900 | 470,500 | 460,700 |
| Total assets | US$ in thousands | 2,129,400 | 2,094,100 | 2,195,000 | 4,336,000 | 2,129,400 | 4,132,400 | 4,499,100 | 4,353,200 | 4,486,600 | 4,474,500 | 4,423,200 | 4,586,500 | 4,615,000 | 4,623,000 | 4,630,300 | 4,464,600 | 4,423,700 | 4,158,500 | 4,141,800 | 4,142,300 |
| Operating ROA | 17.52% | 21.10% | 20.05% | 10.26% | 20.64% | 9.33% | 10.05% | 12.03% | 11.51% | 10.80% | 9.37% | 6.51% | 5.20% | 1.10% | 1.82% | 4.00% | 4.76% | 10.96% | 11.36% | 11.12% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $373,100K ÷ $2,129,400K
= 17.52%
Crane NXT Co's operating return on assets (operating ROA) has shown fluctuations over the past several quarters. The operating ROA ranged from a low of 1.10% in Sep 2020 to a high of 21.10% in Sep 2023. This indicates variability in the company's ability to generate operating income relative to its assets.
The trend of operating ROA suggests that the company's operational efficiency has improved significantly since the beginning of 2020, with a noticeable uptrend especially in the recent quarters. The rising trend from 5.20% in Dec 2020 to 21.10% in Sep 2023 suggests that the company has been utilizing its assets more effectively to generate operating profits.
Overall, the upward trend in operating ROA signals positive prospects for Crane NXT Co's operational performance and efficiency. Further analysis and comparison with industry peers can provide deeper insights into the company's competitiveness and strategic positioning in the market.
Peer comparison
Dec 31, 2023