Comfort Systems USA Inc (FIX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 522,433 | 468,144 | 427,034 | 362,501 | 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 |
| 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 |
| ROA | 11.09% | 10.61% | 10.13% | 9.29% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $522,433K ÷ $4,711,090K
= 11.09%
Comfort Systems USA Inc's return on assets (ROA) has shown fluctuation over the past few years, ranging from a low of 6.49% as of December 31, 2021, to a high of 11.09% as of December 31, 2024. The company's ROA experienced a general upward trend from 2020 to 2024, with some quarterly variations along the way.
The ROA increased from 6.93% as of March 31, 2020, to 11.09% as of December 31, 2024, indicating an improving efficiency in the utilization of assets to generate profits. It is notable that the ROA peaked at 11.09% by the end of 2024, signifying the company's ability to generate more income per dollar of assets.
However, it is worth noting that there were some fluctuations in the ROA during this period. For example, there was a notable decrease in ROA from a high of 9.47% as of December 31, 2022, to 7.62% as of March 31, 2023. Such fluctuations could be attributed to various factors such as changes in revenue, expenses, or asset efficiency.
Overall, the trend of increasing ROA is a positive indicator for Comfort Systems USA Inc, suggesting that the company has been effectively utilizing its assets to generate higher returns over the years.
Peer comparison
Dec 31, 2024