Fortive Corp (FTV)

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	865,800	827,800	799,700	763,700	755,200	693,000	655,400	663,300	608,400	1,659,000	1,732,500	1,681,600	1,613,300	590,500	571,800	616,400	738,900	2,658,400	2,696,600	2,817,000
Total assets	US$ in thousands	16,911,800	15,664,400	15,730,700	15,804,800	15,890,600	15,893,100	16,070,900	16,266,400	16,465,500	14,976,100	14,495,500	14,278,900	16,051,500	17,199,700	16,705,700	16,931,700	17,439,000	16,660,400	16,468,100	15,656,200
ROA		5.12%	5.28%	5.08%	4.83%	4.75%	4.36%	4.08%	4.08%	3.69%	11.08%	11.95%	11.78%	10.05%	3.43%	3.42%	3.64%	4.24%	15.96%	16.37%	17.99%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $865,800K ÷ $16,911,800K
= 5.12%

Fortive Corp's return on assets (ROA) 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 gradually improved from 3.97% in Q1 2022 to 5.12% in Q4 2023, reflecting the company's ability to efficiently generate earnings relative to its assets. This increase suggests that Fortive Corp has been effectively managing its assets to generate higher returns for its investors. The steady improvement in ROA over the quarters is a positive sign of the company's financial health and operational efficiency.