Comfort Systems USA Inc (FIX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 749,369 | 418,388 | 171,051 | 188,438 | 128,629 |
| Total assets | US$ in thousands | 4,711,090 | 3,305,580 | 2,597,480 | 2,209,110 | 1,757,360 |
| Operating ROA | 15.91% | 12.66% | 6.59% | 8.53% | 7.32% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $749,369K ÷ $4,711,090K
= 15.91%
Comfort Systems USA Inc's operating return on assets (ROA) has shown fluctuations over the past five years. In December 2020, the operating ROA was 7.32%, which increased to 8.53% by December 2021, indicating improved operational efficiency. However, by December 2022, the operating ROA decreased to 6.59%, potentially signaling a dip in the company's ability to generate earnings from its assets.
The trend reversed in December 2023 when the operating ROA surged to 12.66%, suggesting a significant improvement in operational performance and profitability. Notably, by December 2024, the operating ROA further increased to 15.91%, reaching the highest level in the analyzed period. This indicates that the company became more effective in utilizing its assets to generate operating profits.
Overall, the fluctuating trend in Comfort Systems USA Inc's operating ROA reflects varying levels of efficiency in converting assets into operating income. The significant improvement in 2023 and 2024 showcases the company's enhanced operational performance and potentially successful strategic decisions in asset management.
Peer comparison
Dec 31, 2024