Comfort Systems USA Inc (FIX)
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 | 418,388 | 378,181 | 324,474 | 289,043 | 253,849 | 223,109 | 205,778 | 188,524 | 188,438 | 187,388 | 179,968 | 201,533 | 190,651 | 188,924 | 185,643 | 160,383 | 163,639 | 155,117 | 154,503 | 158,976 |
| Total assets | US$ in thousands | 3,305,580 | 3,140,620 | 2,915,120 | 2,839,470 | 2,597,480 | 2,549,470 | 2,439,620 | 2,308,410 | 2,209,110 | 1,951,330 | 1,754,950 | 1,715,530 | 1,757,360 | 1,677,970 | 1,675,440 | 1,618,070 | 1,505,010 | 1,467,460 | 1,444,600 | 1,080,030 |
| Operating ROA | 12.66% | 12.04% | 11.13% | 10.18% | 9.77% | 8.75% | 8.43% | 8.17% | 8.53% | 9.60% | 10.25% | 11.75% | 10.85% | 11.26% | 11.08% | 9.91% | 10.87% | 10.57% | 10.70% | 14.72% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ 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 quarters, indicating improved efficiency in generating operating income from its assets. The operating ROA has steadily increased from 8.10% in Q1 2022 to 12.59% in Q4 2023, reflecting the company's ability to maximize its operational performance relative to its asset base. This upward trajectory suggests that Comfort Systems USA, Inc. has been increasingly effective in utilizing its assets to generate profits from its core business operations. The consistent improvement in operating ROA signifies enhanced operational efficiency and profitability for the company. Overall, the trend in operating ROA demonstrates Comfort Systems USA, Inc.'s commitment to optimizing asset utilization and enhancing profitability in its operations.
Peer comparison
Dec 31, 2023