Eagle Materials Inc (EXP)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 477,639 | 500,896 | 488,942 | 477,384 | 461,540 | 435,500 | 420,795 | 383,925 | 374,247 | 365,942 | 344,656 | 338,565 | 339,444 | 345,862 | 150,037 | 125,796 | 70,894 | -129,332 | 43,015 | 43,825 |
| 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 |
| ROA | 16.21% | 17.33% | 16.76% | 16.37% | 16.60% | 15.95% | 14.98% | 13.86% | 14.51% | 14.29% | 13.16% | 11.71% | 11.96% | 12.69% | 5.23% | 4.17% | 2.39% | -6.07% | 1.85% | 1.93% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $477,639K ÷ $2,947,020K
= 16.21%
Eagle Materials Inc's Return on Assets (ROA) has shown a generally positive trend over the analyzed periods. The ROA increased from 1.93% in June 2019 to 17.33% in December 2023, showing a strong improvement in the company's ability to generate profits from its assets. Although there were fluctuations in ROA over time, the overall trend indicates increasing efficiency in asset utilization.
The ROA peaked in December 2023 at 17.33%, indicating that for every dollar of assets the company holds, it generated a return of 17.33 cents. This signifies that Eagle Materials Inc has been effectively managing its assets to generate profits. However, it is worth noting that the ROA decreased slightly to 16.21% in March 2024, which may warrant further analysis to understand the reasons behind this decrease.
In conclusion, Eagle Materials Inc's ROA performance reflects a positive trajectory, indicating efficient asset utilization and profitability generation over the analyzed periods.