ESCO Technologies Inc (ESE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 101,881 | 99,615 | 98,328 | 92,987 | 92,545 | 91,588 | 86,818 | 85,523 | 82,320 | 71,645 | 63,381 | 62,202 | 63,496 | 21,825 | 25,603 | 28,021 | 101,980 | 148,144 | 149,524 | 150,499 |
| 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 |
| ROA | 5.54% | 5.50% | 5.51% | 5.25% | 5.50% | 5.38% | 5.16% | 5.23% | 4.98% | 4.34% | 3.90% | 3.88% | 4.03% | 1.55% | 1.89% | 2.03% | 7.44% | 10.26% | 10.37% | 10.51% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $101,881K ÷ $1,838,620K
= 5.54%
ESCO Technologies Inc's return on assets (ROA) has shown a varying trend over the past few quarters. The ROA has been relatively stable, ranging from 4.98% to 5.54%, with occasional fluctuations outside this range. In general, the company has maintained a healthy ROA, which indicates that it is effectively utilizing its assets to generate profits.
The ROA was at its highest in Q4 2019 at 10.51%, but has since declined gradually before stabilizing in the 5% range. Despite some fluctuations, the ROA has generally remained above 4%, suggesting that ESCO Technologies Inc has been able to efficiently generate profits relative to its asset base.
It is worth noting that the ROA saw a significant improvement in Q1 2021, reaching 7.44%, before reverting back to its stable range. Overall, the company's ability to generate consistent returns on its assets indicates sound operational efficiency and effective management of resources.
Further analysis may be needed to understand the factors driving these fluctuations and to assess the sustainability of ESCO Technologies Inc's ROA performance over the long term.
Peer comparison
Sep 30, 2024