General Dynamics Corporation (GD)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,796,000 | 4,661,000 | 4,537,000 | 4,343,000 | 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 |
| Total assets | US$ in thousands | 55,880,000 | 57,312,000 | 55,442,000 | 55,246,000 | 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 |
| Operating ROA | 8.58% | 8.13% | 8.18% | 7.86% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,796,000K ÷ $55,880,000K
= 8.58%
General Dynamics Corporation's operating return on assets (ROA) has exhibited fluctuations over the periods analyzed. The trend shows that operating ROA ranged between 7.74% to 8.58% from December 31, 2023, to December 31, 2024. The company experienced a slight decrease in operating ROA from September 30, 2023 (7.82%) to December 31, 2023 (7.74%), followed by a modest recovery in the subsequent period.
The highest observed operating ROA was 8.58% on December 31, 2024, indicating improved operational efficiency in generating profit from its assets. Notably, General Dynamics' operating ROA remained above 8% for most of the periods reported, suggesting effective asset utilization and management.
However, a decrease in operating ROA from March 31, 2024 (7.86%) to June 30, 2024 (8.18%), followed by a slight decline to 8.13% on September 30, 2024, and a subsequent increase to 8.58% on December 31, 2024, may warrant further investigation into the company's asset performance and profitability drivers during these periods.
Overall, General Dynamics Corporation's operating ROA trend reflects relatively stable performance with some fluctuations, indicating a consistent ability to generate profits from its operating assets over the analyzed periods.
Peer comparison
Dec 31, 2024