Comfort Systems USA Inc (FIX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 747,938 | 641,242 | 573,501 | 481,524 | 417,769 | 357,639 | 303,932 | 268,501 | 233,307 | 223,109 | 205,778 | 188,524 | 188,438 | 187,388 | 179,968 | 201,533 | 190,651 | 188,924 | 185,643 | 160,383 |
| Total assets | US$ in thousands | 4,711,090 | 4,412,760 | 4,213,980 | 3,902,830 | 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 |
| Operating ROA | 15.88% | 14.53% | 13.61% | 12.34% | 12.64% | 11.39% | 10.43% | 9.46% | 8.98% | 8.75% | 8.43% | 8.17% | 8.53% | 9.60% | 10.25% | 11.75% | 10.85% | 11.26% | 11.08% | 9.91% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $747,938K ÷ $4,711,090K
= 15.88%
Operating return on assets (Operating ROA) measures the company's ability to generate profits from its operational activities relative to its total assets. Comfort Systems USA Inc's Operating ROA has shown fluctuations over the past few years.
From March 31, 2020, to December 31, 2021, the Operating ROA experienced some variability, ranging from a high of 11.75% in March 31, 2021, to a low of 8.53% in December 31, 2021. This could indicate changes in the company's operational efficiency and effectiveness in generating profits during this period.
However, after December 31, 2021, there was a declining trend in the Operating ROA figures, reaching a low of 8.17% in March 31, 2022. This downward trend continued until September 30, 2022, where the Operating ROA hit a low of 8.17%. It's worth noting that the declining Operating ROA figures during this period may indicate potential challenges in the company's operational performance and profitability.
From March 31, 2023, onwards, there was a significant improvement in the Operating ROA, with values consistently increasing. The Operating ROA rose from 9.46% in March 31, 2023, to a high of 15.88% in December 31, 2024. This upward trend suggests that the company may have implemented strategies to enhance operational efficiency and profitability, resulting in improved returns relative to its total assets.
Overall, the fluctuating Operating ROA figures over the years indicate that Comfort Systems USA Inc has experienced varying levels of operational performance and efficiency. The recent increase in Operating ROA from March 31, 2023, onwards reflects a positive trend in the company's ability to generate profits from its operational activities relative to its asset base.
Peer comparison
Dec 31, 2024