Eaton Corporation PLC (ETN)
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 | 3,218,000 | 2,994,000 | 2,710,000 | 2,567,000 | 2,461,000 | 2,291,000 | 2,313,000 | 2,218,000 | 2,144,000 | 2,068,000 | 1,885,000 | 1,430,000 | 1,410,000 | 1,387,000 | 1,542,000 | 2,127,000 | 2,211,000 | 2,390,000 | 2,205,000 | 2,179,000 |
| 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 |
| ROA | 8.37% | 8.03% | 7.37% | 7.23% | 7.03% | 6.67% | 6.58% | 6.30% | 6.30% | 6.06% | 5.12% | 4.20% | 4.43% | 4.48% | 5.08% | 6.90% | 6.74% | 7.49% | 6.84% | 6.88% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,218,000K ÷ $38,432,000K
= 8.37%
Eaton Corporation plc's return on assets (ROA) has been showing a positive trend over the past eight quarters, indicating efficient asset utilization by the company. The ROA has been steadily increasing from 6.30% in Q1 2022 to 8.37% in Q4 2023. This suggests that Eaton Corporation plc is generating more profits relative to its total assets, reflecting effective management of its assets to generate earnings.
The consistent improvement in ROA highlights the company's ability to generate income from its assets, which is a positive sign for investors and stakeholders. It indicates that Eaton Corporation plc is utilizing its assets efficiently to generate profits and create value for shareholders.
Overall, the upward trend in ROA for Eaton Corporation plc demonstrates operational efficiency and effective asset management, which bodes well for the company's financial performance and sustainability in the long run.
Peer comparison
Dec 31, 2023
See also:
Eaton Corporation PLC Return on Assets (ROA) (Quarterly Data)