Comfort Systems USA Inc (FIX)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 418,388 | 253,849 | 188,438 | 190,651 | 163,639 |
| Total assets | US$ in thousands | 3,305,580 | 2,597,480 | 2,209,110 | 1,757,360 | 1,505,010 |
| Operating ROA | 12.66% | 9.77% | 8.53% | 10.85% | 10.87% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $418,388K ÷ $3,305,580K
= 12.66%
Comfort Systems USA, Inc.'s operating return on assets (operating ROA) has shown a positive trend over the past five years, fluctuating between 8.46% to 12.59%. The company's ability to generate operating income from its assets has improved in the most recent year, with an operating ROA of 12.59% in 2023 compared to 9.71% in 2022. This indicates that the company is becoming more efficient in utilizing its assets to generate operating profits. However, it is important to note that there was a slight decrease in the operating ROA from 2020 to 2021 before the increase in 2022 and 2023. Overall, Comfort Systems USA, Inc. has demonstrated a strong performance in terms of operating ROA, which reflects its operational effectiveness and efficiency in generating profits relative to its assets.
Peer comparison
Dec 31, 2023