EMCOR Group Inc (EME)
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 | 875,756 | 763,742 | 678,853 | 619,830 | 564,877 | 530,712 | 518,039 | 513,753 | 530,800 | 525,405 | 523,839 | 267,843 | 256,834 | 242,086 | 221,980 | 464,577 | 460,892 | 451,665 | 447,692 | 427,389 |
| Total assets | US$ in thousands | 6,609,720 | 6,224,190 | 5,907,670 | 5,640,910 | 5,524,610 | 5,438,730 | 5,146,440 | 5,231,150 | 5,441,450 | 5,296,680 | 5,133,170 | 5,061,190 | 5,063,840 | 4,829,980 | 4,590,420 | 4,835,550 | 4,830,360 | 4,532,720 | 4,393,580 | 4,278,320 |
| Operating ROA | 13.25% | 12.27% | 11.49% | 10.99% | 10.22% | 9.76% | 10.07% | 9.82% | 9.75% | 9.92% | 10.20% | 5.29% | 5.07% | 5.01% | 4.84% | 9.61% | 9.54% | 9.96% | 10.19% | 9.99% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $875,756K ÷ $6,609,720K
= 13.25%
Emcor Group, Inc.'s operating return on assets (operating ROA) has shown a positive trend over the past eight quarters. The operating ROA has gradually increased from 9.82% in Q1 2022 to 13.29% in Q4 2023. This indicates that the company has been able to generate higher operating income relative to its total assets during this period.
The consistently increasing trend in operating ROA suggests that Emcor Group, Inc. has been effectively utilizing its assets to generate operating profit. This could be attributed to improved operational efficiency, effective cost management, and potentially better revenue generation.
Overall, the increasing trend in operating ROA is a positive indicator of Emcor Group, Inc.'s operational performance and efficiency in managing its assets to generate profits. It reflects the company's ability to effectively deploy its resources to generate returns for its shareholders.
Peer comparison
Dec 31, 2023