Flowserve Corporation (FLS)
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 | 186,742 | 245,455 | 237,699 | 231,273 | 188,687 | 84,057 | 95,442 | 96,019 | 125,919 | 165,270 | 171,585 | 132,331 | 130,351 | 146,900 | 150,600 | 198,500 | 238,800 | 229,300 | 197,700 | 156,900 |
| Total assets | US$ in thousands | 5,108,720 | 4,965,210 | 4,920,020 | 4,875,750 | 4,790,630 | 4,505,990 | 4,582,730 | 4,703,010 | 4,749,770 | 5,595,920 | 4,818,670 | 4,809,640 | 5,314,680 | 5,173,580 | 4,778,380 | 4,762,070 | 4,938,280 | 4,764,490 | 4,821,210 | 4,846,500 |
| ROA | 3.66% | 4.94% | 4.83% | 4.74% | 3.94% | 1.87% | 2.08% | 2.04% | 2.65% | 2.95% | 3.56% | 2.75% | 2.45% | 2.84% | 3.15% | 4.17% | 4.84% | 4.81% | 4.10% | 3.24% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $186,742K ÷ $5,108,720K
= 3.66%
To analyze the return on assets (ROA) of Flowserve Corp., we calculated the ROA for each quarter based on the provided data.
The ROA for Flowserve Corp. fluctuated over the past eight quarters. In Q4 2023, the ROA was 3.66%, which decreased compared to the previous quarter but remained relatively stable. The trend in ROA for the company has generally been positive over the past two years, with occasional fluctuations.
The ROA reached its highest point in Q3 2023 at 4.94%, indicating efficient management in generating profit from its assets. However, it dipped slightly in the following quarter but remained above the levels seen in the previous year.
Comparing the current ROA with the same period last year, we see a notable improvement. In Q4 2023, the ROA of 3.66% outperformed the 3.94% reported in Q4 2022, showcasing the company's ability to generate more profit from its assets.
Overall, Flowserve Corp. has shown a positive trend in utilizing its assets efficiently to generate profits, as evidenced by the generally increasing ROA figures over the past eight quarters. It is essential for the company to maintain this trend to ensure sustainable growth and profitability in the future.
Peer comparison
Dec 31, 2023