General Dynamics Corporation (GD)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,245,000 | 4,184,000 | 4,225,000 | 4,241,000 | 4,211,000 | 4,170,000 | 4,152,000 | 4,133,000 | 4,163,000 | 4,270,000 | 4,262,000 | 4,137,000 | 4,133,000 | 4,090,000 | 4,234,000 | 4,490,000 | 4,570,000 | 4,483,000 | 4,402,000 | 4,400,000 |
| Total assets | US$ in thousands | 54,810,000 | 53,525,000 | 52,556,000 | 52,096,000 | 51,585,000 | 51,116,000 | 50,481,000 | 50,876,000 | 50,073,000 | 51,370,000 | 51,183,000 | 49,963,000 | 51,308,000 | 50,258,000 | 50,222,000 | 53,710,000 | 49,349,000 | 48,788,000 | 48,074,000 | 47,466,000 |
| Operating ROA | 7.74% | 7.82% | 8.04% | 8.14% | 8.16% | 8.16% | 8.22% | 8.12% | 8.31% | 8.31% | 8.33% | 8.28% | 8.06% | 8.14% | 8.43% | 8.36% | 9.26% | 9.19% | 9.16% | 9.27% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,245,000K ÷ $54,810,000K
= 7.74%
The operating return on assets (ROA) for General Dynamics Corp. has shown a gradual decline over the past four quarters, with Q4 2023 at 7.74% compared to 8.12% in Q1 2022. This suggests a decrease in the company's ability to generate operating income from its assets.
While the quarterly fluctuations are relatively small, it is worth noting the general downward trend in operating ROA. This trend may indicate potential inefficiencies in the management of assets, decreasing profitability, or increasing operating expenses. Further investigation into the factors driving this decline would be necessary to determine the underlying causes and potential strategies for improvement.
Peer comparison
Dec 31, 2023