Emerson Electric Company (EMR)
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 | 11,030,000 | 13,219,000 | 13,215,000 | 4,784,000 | 4,666,000 | 3,231,000 | 3,161,000 | 2,867,000 | 2,754,000 | 2,303,000 | 2,356,000 | 2,128,000 | 2,084,000 | 1,965,000 | 1,959,000 | 2,164,000 | 2,167,000 | 2,306,000 | 2,206,000 | 2,314,000 |
| Total assets | US$ in thousands | 46,513,000 | 42,746,000 | 44,173,000 | 36,147,000 | 36,241,000 | 35,672,000 | 37,042,000 | 29,497,000 | 26,959,000 | 24,715,000 | 24,484,000 | 23,800,000 | 23,678,000 | 22,882,000 | 21,730,000 | 21,711,000 | 21,101,000 | 20,497,000 | 21,317,000 | 21,071,000 |
| ROA | 23.71% | 30.92% | 29.92% | 13.23% | 12.87% | 9.06% | 8.53% | 9.72% | 10.22% | 9.32% | 9.62% | 8.94% | 8.80% | 8.59% | 9.02% | 9.97% | 10.27% | 11.25% | 10.35% | 10.98% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $11,030,000K ÷ $46,513,000K
= 23.71%
Emerson Electric Co.'s return on assets (ROA) has shown variability over the quarters. In Q4 2023, the ROA was relatively high at 30.91%, indicating efficient utilization of its assets to generate profit. This was a significant improvement from the previous quarter Q3 2023, where the ROA was slightly lower at 29.92%. However, there was a notable decrease in Q2 2023 to 13.23% compared to the strong performance in Q1 2023 at 23.70%.
Looking further back, in Q4 2022, the ROA was 9.06%, which was lower than the subsequent quarters in 2023. There was a modest increase in ROA from Q4 2022 to Q1 2023. However, the company's performance in Q1 2023 was superior to the ROA in Q2 and Q3 2022, where it ranged from 8.53% to 9.72%.
Overall, Emerson Electric Co.'s ROA has shown fluctuations in recent quarters, indicating varying levels of efficiency in generating profits from its assets. It is important for investors to monitor this metric closely to assess the company's asset utilization and profitability trends.
Peer comparison
Dec 31, 2023
See also:
Emerson Electric Company Return on Assets (ROA) (Quarterly Data)