Dover Corporation (DOV)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,319,978 | 1,379,386 | 1,418,539 | 1,364,524 | 1,294,346 | 1,219,683 | 1,217,324 | 1,249,678 | 1,230,322 | 1,233,315 | 1,204,930 | 1,192,210 | 1,281,508 | 1,244,635 | 1,179,507 | 1,020,235 | 932,987 | 935,150 | 940,965 | 1,032,066 |
| Total assets | US$ in thousands | 12,509,200 | 11,913,000 | 11,291,800 | 11,987,000 | 11,348,500 | 10,772,100 | 10,901,600 | 10,804,600 | 10,896,500 | 10,652,300 | 10,807,400 | 10,501,000 | 10,403,600 | 9,902,980 | 9,630,000 | 9,270,890 | 9,152,070 | 8,985,970 | 9,114,130 | 8,944,250 |
| Operating ROA | 10.55% | 11.58% | 12.56% | 11.38% | 11.41% | 11.32% | 11.17% | 11.57% | 11.29% | 11.58% | 11.15% | 11.35% | 12.32% | 12.57% | 12.25% | 11.00% | 10.19% | 10.41% | 10.32% | 11.54% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,319,978K ÷ $12,509,200K
= 10.55%
Operating Return on Assets (ROA) is a key financial ratio that indicates a company's efficiency in generating profits from its assets employed in its operations.
Analyzing Dover Corporation's Operating ROA over the given periods, we observe fluctuations in the ratio. The ratio has ranged from a low of 10.19% on December 31, 2020, to a high of 12.57% on September 30, 2021. This variance suggests some volatility in the company's ability to generate operating income relative to its total assets.
Overall, Dover Corporation's Operating ROA has shown a general trend of stability and moderate improvement over the years. The ratio has generally remained above 10% during the period, indicating that the company has been efficient in utilizing its assets to generate operating income.
However, the slight fluctuations in the Operating ROA highlight the importance of monitoring the company's asset management and operational efficiency to sustain and potentially enhance its profitability in the long term. Further analysis and comparison with industry peers may provide additional insights into Dover Corporation's competitive position and performance.
Peer comparison
Dec 31, 2024