EMCOR Group Inc (EME)
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 | 632,994 | 547,777 | 484,140 | 444,209 | 406,122 | 381,490 | 375,458 | 372,144 | 383,532 | 361,645 | 323,091 | 142,052 | 132,943 | 140,086 | 160,734 | 328,395 | 325,140 | 316,184 | 313,723 | 300,567 |
| 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 |
| ROA | 9.58% | 8.80% | 8.20% | 7.87% | 7.35% | 7.01% | 7.30% | 7.11% | 7.05% | 6.83% | 6.29% | 2.81% | 2.63% | 2.90% | 3.50% | 6.79% | 6.73% | 6.98% | 7.14% | 7.03% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $632,994K ÷ $6,609,720K
= 9.58%
Emcor Group, Inc.'s return on assets (ROA) has shown a generally positive trend over the last eight quarters. The company's ROA increased from 7.11% in Q1 2022 to 9.58% in Q4 2023, indicating improving efficiency in generating profits from its assets over this period.
The average ROA over these eight quarters was 8.05%, suggesting that the company has been effectively utilizing its assets to generate profits. The consistent upward trajectory in ROA demonstrates Emcor Group's ability to efficiently manage its assets and generate a higher return for its shareholders.
Overall, the company's ROA performance indicates financial strength and effective asset utilization, which is a positive sign for stakeholders and reflects well on Emcor Group's operational efficiency and profitability.
Peer comparison
Dec 31, 2023