ESCO Technologies Inc (ESE)
Operating return on assets (Operating ROA)
| 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 116,420 | 112,509 | 110,822 | 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 |
| Total assets | US$ in thousands | 1,838,620 | 1,811,060 | 1,784,190 | 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 |
| Operating ROA | 6.33% | 6.21% | 6.21% | 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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $116,420K ÷ $1,838,620K
= 6.33%
ESCO Technologies Inc's operating return on assets (operating ROA) has shown a generally positive trend over the past eight quarters, demonstrating the company's ability to generate profits from its asset base.
The operating ROA has fluctuated between 3.84% and 6.33% during this period, with the highest values observed in the early quarters of 2021 and a subsequent decline in the most recent quarters. This indicates that ESCO Technologies was able to effectively use its assets to generate operating income at a higher rate during the first half of 2021 but experienced some decline in performance later on.
Overall, the operating ROA has remained above 5% in most quarters, reflecting the company's consistent ability to generate operating income relative to its assets. It is important for investors to monitor this ratio over time to assess ESCO Technologies' operational efficiency and profitability.
Peer comparison
Sep 30, 2024