Comfort Systems USA Inc (FIX)

Return on assets (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
Net income (ttm)	US$ in thousands	323,398	287,241	243,631	216,401	245,947	228,118	212,900	203,619	143,348	148,593	152,384	158,914	150,139	141,351	127,496	112,174	114,324	105,428	107,736	116,110
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
ROA		9.78%	9.15%	8.36%	7.62%	9.47%	8.95%	8.73%	8.82%	6.49%	7.61%	8.68%	9.26%	8.54%	8.42%	7.61%	6.93%	7.60%	7.18%	7.46%	10.75%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $323,398K ÷ $3,305,580K
= 9.78%

Comfort Systems USA, Inc.'s return on assets (ROA) has been relatively stable over the past eight quarters, ranging from 7.62% to 9.78%. The company's ROA indicates its ability to generate profit from its assets, with higher percentages reflecting more efficient asset utilization. Overall, Comfort Systems USA, Inc. has maintained a healthy ROA, which suggests that it has been effectively managing its assets to generate profits for its stakeholders. However, it is important to monitor any fluctuations in ROA to ensure sustained performance and profitability in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

Comfort Systems USA Inc

FIX

9.78%