Franklin Electric Co Inc (FELE)
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 | 262,435 | 267,829 | 269,769 | 269,848 | 257,148 | 248,140 | 224,690 | 195,309 | 189,200 | 176,348 | 168,138 | 150,470 | 130,500 | 124,740 | 119,075 | 128,842 | 127,121 | 127,213 | 124,594 | 121,394 |
| Total assets | US$ in thousands | 1,728,100 | 1,725,300 | 1,803,080 | 1,803,450 | 1,694,200 | 1,715,000 | 1,751,540 | 1,683,200 | 1,575,200 | 1,546,000 | 1,510,800 | 1,281,680 | 1,272,300 | 1,201,440 | 1,151,330 | 1,149,530 | 1,194,700 | 1,236,940 | 1,269,660 | 1,228,800 |
| Operating ROA | 15.19% | 15.52% | 14.96% | 14.96% | 15.18% | 14.47% | 12.83% | 11.60% | 12.01% | 11.41% | 11.13% | 11.74% | 10.26% | 10.38% | 10.34% | 11.21% | 10.64% | 10.28% | 9.81% | 9.88% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $262,435K ÷ $1,728,100K
= 15.19%
The operating return on assets (operating ROA) for Franklin Electric Co., Inc. has shown a generally positive trend over the past quarters. The operating ROA increased from 11.68% in Q1 2022 to 15.25% in Q4 2023. This indicates that the company has been able to generate more operating income from its assets over time.
Although there were fluctuations in the operating ROA figures, with slight decreases and increases between quarters, the overall trend shows improvement. The company's ability to maintain an operating ROA above 15% in the most recent quarters suggests efficient utilization of its assets to generate operating profits.
Furthermore, the operating ROA for Q4 2023 at 15.25% is higher than the figures in the previous quarters, indicating a strong performance in the latest period. This suggests that Franklin Electric Co., Inc. has been able to increase its operating income relative to its asset base in the most recent quarter.
Peer comparison
Dec 31, 2023