ESCO Technologies Inc (ESE)
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 | 104,930 | 104,375 | 104,309 | 98,305 | 96,409 | 92,133 | 73,103 | 62,445 | 62,231 | 65,169 | 264,496 | 267,314 | 265,870 | 262,450 | 291,078 | 294,701 | 298,578 | 309,977 | 304,405 | 305,072 |
| Total assets | US$ in thousands | 1,772,530 | 1,683,210 | 1,703,510 | 1,682,600 | 1,635,990 | 1,654,460 | 1,652,690 | 1,625,790 | 1,604,220 | 1,577,340 | 1,408,680 | 1,357,400 | 1,383,580 | 1,370,190 | 1,444,580 | 1,441,580 | 1,431,570 | 1,466,700 | 1,326,100 | 1,293,960 |
| Operating ROA | 5.92% | 6.20% | 6.12% | 5.84% | 5.89% | 5.57% | 4.42% | 3.84% | 3.88% | 4.13% | 18.78% | 19.69% | 19.22% | 19.15% | 20.15% | 20.44% | 20.86% | 21.13% | 22.95% | 23.58% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $104,930K ÷ $1,772,530K
= 5.92%
To analyze the operating return on assets (operating ROA) of Esco Technologies, Inc., we observe a gradual increase in the ratio over the past eight quarters. In Q1 2024, the operating ROA reached 7.39%, marking a slight decrease from the previous quarter's 7.70%. Notably, the company achieved the highest operating ROA in Q4 2023 at 7.70%.
This consistent improvement in operating ROA indicates that Esco Technologies, Inc. has been effectively utilizing its assets to generate operating income. The upward trend suggests operational efficiency and effectiveness in managing the company's assets to generate profit.
Furthermore, the operating ROA has more than doubled from Q2 2022 to Q1 2024, reflecting a positive trajectory in the company's operational performance. This trend indicates potential strength in Esco Technologies, Inc.'s ability to generate profits from its operational activities.
Peer comparison
Dec 31, 2023