ESCO Technologies Inc (ESE)
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 | 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 | 81,039 | 84,633 | 83,585 |
| 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 |
| ROA | 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% | 5.53% | 6.38% | 6.46% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $92,987K ÷ $1,772,530K
= 5.25%
Esco Technologies, Inc.'s return on assets (ROA) has shown a positive trend over the past eight quarters, with values ranging from 3.79% to 5.50%. The company's ROA peaked at 5.50% in Q4 2023 and remained above 5% in subsequent quarters. This indicates that Esco Technologies has been effectively utilizing its assets to generate profits during the period under review. The consistent improvement in ROA suggests that the company is efficiently managing its assets to drive profitability and create value for its shareholders. Overall, Esco Technologies' ROA performance reflects a positive operational efficiency and effectiveness in asset utilization.
Peer comparison
Dec 31, 2023