Eaton Corporation PLC (ETN)
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 | 3,344,000 | 3,162,000 | 2,790,000 | 2,529,000 | 2,487,000 | 1,829,000 | 2,388,000 | 2,564,000 | 2,428,000 | 2,590,000 | 2,063,000 | 1,364,000 | 1,421,000 | 2,769,000 | 2,820,000 | 3,542,000 | 3,657,000 | 3,335,000 | 3,693,000 | 9,176,000 |
| Total assets | US$ in thousands | 38,432,000 | 37,289,000 | 36,772,000 | 35,517,000 | 35,014,000 | 34,364,000 | 35,153,000 | 35,208,000 | 34,027,000 | 34,128,000 | 36,804,000 | 34,080,000 | 31,824,000 | 30,985,000 | 30,348,000 | 30,845,000 | 32,805,000 | 31,895,000 | 32,244,000 | 31,649,000 |
| Operating ROA | 8.70% | 8.48% | 7.59% | 7.12% | 7.10% | 5.32% | 6.79% | 7.28% | 7.14% | 7.59% | 5.61% | 4.00% | 4.47% | 8.94% | 9.29% | 11.48% | 11.15% | 10.46% | 11.45% | 28.99% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,344,000K ÷ $38,432,000K
= 8.70%
Eaton Corporation plc's operating return on assets (operating ROA) has shown a positive trend over the past 8 quarters. The operating ROA has increased steadily from 7.15% in Q1 2022 to 10.11% in Q4 2023, indicating improved operational efficiency and profitability. This suggests that Eaton Corporation plc has been able to generate increasing operating income relative to its total assets over this period. The consistent growth in operating ROA reflects the company's effective utilization of its assets to generate profits, which is a positive indicator of its financial health and performance. Overall, the trend in Eaton Corporation plc's operating ROA demonstrates a favorable operational performance and efficient asset management practices.
Peer comparison
Dec 31, 2023