Dover Corporation (DOV)
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 | 1,056,828 | 1,024,145 | 1,020,418 | 1,067,797 | 1,065,376 | 1,164,582 | 1,142,312 | 1,117,202 | 1,123,818 | 943,139 | 879,683 | 739,941 | 683,451 | 669,467 | 675,173 | 748,492 | 677,918 | 651,365 | 602,664 | 544,538 |
| Total assets | US$ in thousands | 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 | 8,669,480 | 8,669,300 | 8,776,050 | 8,657,910 |
| ROA | 9.31% | 9.51% | 9.36% | 9.88% | 9.78% | 10.93% | 10.57% | 10.64% | 10.80% | 9.52% | 9.13% | 7.98% | 7.47% | 7.45% | 7.41% | 8.37% | 7.82% | 7.51% | 6.87% | 6.29% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,056,828K ÷ $11,348,500K
= 9.31%
Dover Corp.'s return on assets (ROA) has shown steady performance over the past eight quarters. ROA ranged from 9.31% to 10.93% during this period, with a slight downward trend observed in the most recent quarters. The average ROA over this period is relatively high, indicating that Dover Corp. efficiently utilizes its assets to generate profit. However, the recent slight decline in ROA may warrant further investigation into the company's asset management strategies to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023