Federal Signal Corporation (FSS)
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 | 157,400 | 145,600 | 134,100 | 127,300 | 120,400 | 105,300 | 102,700 | 98,900 | 100,600 | 107,200 | 103,300 | 95,000 | 96,200 | 99,900 | 103,000 | 114,400 | 108,500 | 111,200 | 104,500 | 98,600 |
| Total assets | US$ in thousands | 1,620,500 | 1,654,600 | 1,660,700 | 1,584,300 | 1,524,300 | 1,465,100 | 1,443,800 | 1,425,100 | 1,366,100 | 1,313,800 | 1,289,400 | 1,266,100 | 1,208,800 | 1,224,700 | 1,211,200 | 1,227,100 | 1,165,500 | 1,173,600 | 1,095,700 | 1,070,200 |
| ROA | 9.71% | 8.80% | 8.07% | 8.04% | 7.90% | 7.19% | 7.11% | 6.94% | 7.36% | 8.16% | 8.01% | 7.50% | 7.96% | 8.16% | 8.50% | 9.32% | 9.31% | 9.48% | 9.54% | 9.21% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $157,400K ÷ $1,620,500K
= 9.71%
The return on assets (ROA) for Federal Signal Corp. has shown a consistent upward trend over the past eight quarters, indicating a positive performance in utilizing its assets to generate profits. The ROA has increased from 6.94% in Q1 2022 to 9.71% in Q4 2023. This suggests that the company has been effectively managing its assets to generate higher levels of profitability.
The average ROA for the most recent quarter is 8.66%, which is higher than the average ROA for the same quarter in the previous year (Q4 2022), which was 7.90%. This signifies an improvement in the company's ability to generate profits relative to its total assets.
Overall, Federal Signal Corp.'s increasing ROA trend indicates management's efficiency in utilizing its assets to generate profits and create shareholder value.
Peer comparison
Dec 31, 2023