Eagle Materials Inc (EXP)

Operating return on assets (Operating ROA)

		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	Sep 30, 2019	Jun 30, 2019
Operating income (ttm)	US$ in thousands	716,902	735,665	715,899	697,930	674,740	634,385	611,379	573,585	552,102	524,038	500,359	470,184	445,796	439,426	419,867	407,818	382,486	397,791	383,816	370,543
Total assets	US$ in thousands	2,947,020	2,890,340	2,917,090	2,916,250	2,781,000	2,730,170	2,809,150	2,770,860	2,579,650	2,560,120	2,619,830	2,890,830	2,838,680	2,725,040	2,871,280	3,015,160	2,961,020	2,130,220	2,326,210	2,269,080
Operating ROA		24.33%	25.45%	24.54%	23.93%	24.26%	23.24%	21.76%	20.70%	21.40%	20.47%	19.10%	16.26%	15.70%	16.13%	14.62%	13.53%	12.92%	18.67%	16.50%	16.33%

March 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $716,902K ÷ $2,947,020K
= 24.33%

The operating return on assets (ROA) for Eagle Materials Inc has shown a generally positive trend over the past few quarters. The ratio has steadily increased from 16.33% in June 2019 to 24.33% in March 2024, indicating that the company has been able to generate more operating income relative to its total assets.

This improvement suggests that Eagle Materials has become more efficient in utilizing its assets to generate operating profits. The consistent growth in operating ROA demonstrates management's ability to effectively manage the company's resources and operations to drive profitability.

Overall, the increasing trend in operating ROA reflects positively on Eagle Materials' operational efficiency and profitability, positioning the company well for future growth and value creation for its shareholders.