ESAB Corp (ESAB)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 454,147 | 452,806 | 447,937 | 432,448 | 410,534 | 379,027 | 358,875 | 336,114 | 329,065 | 323,535 | 321,205 | 317,527 | 306,214 |
| Total assets | US$ in thousands | 4,033,980 | 4,084,530 | 3,967,110 | 3,827,490 | 3,828,630 | 3,756,040 | 3,862,840 | 3,849,140 | 3,754,020 | 3,539,900 | 3,673,700 | 3,781,350 | 3,461,260 |
| Operating ROA | 11.26% | 11.09% | 11.29% | 11.30% | 10.72% | 10.09% | 9.29% | 8.73% | 8.77% | 9.14% | 8.74% | 8.40% | 8.85% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $454,147K ÷ $4,033,980K
= 11.26%
ESAB Corp's operating return on assets (operating ROA) has shown a generally positive trend over the given time period, starting at 8.85% on December 31, 2021, and increasing to 11.26% by December 31, 2024. This indicates that the company's ability to generate operating income from its assets has been improving over time.
The operating ROA experienced fluctuations within the range of 8.40% to 11.30% during the period, with some quarterly variations. Notably, there was a significant improvement in operating ROA from September 30, 2023, to December 31, 2023, where it jumped from 10.09% to 10.72%, followed by further increases in the subsequent quarters.
Overall, ESAB Corp's operating ROA reflects a solid performance in utilizing its assets to generate operating profits. The increasing trend in the operating ROA indicates efficiency in managing assets and generating income, which can be a positive sign for investors and stakeholders of the company.
Peer comparison
Dec 31, 2024