General Dynamics Corporation (GD)
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 | 3,315,000 | 3,302,000 | 3,368,000 | 3,390,000 | 3,390,000 | 3,350,000 | 3,308,000 | 3,279,000 | 3,257,000 | 3,307,000 | 3,281,000 | 3,169,000 | 3,167,000 | 3,185,000 | 3,264,000 | 3,445,000 | 3,484,000 | 3,373,000 | 3,311,000 | 3,291,000 |
| 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 |
| ROA | 6.05% | 6.17% | 6.41% | 6.51% | 6.57% | 6.55% | 6.55% | 6.45% | 6.50% | 6.44% | 6.41% | 6.34% | 6.17% | 6.34% | 6.50% | 6.41% | 7.06% | 6.91% | 6.89% | 6.93% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,315,000K ÷ $54,810,000K
= 6.05%
General Dynamics Corp.'s Return on Assets (ROA) has been relatively consistent and stable over the past eight quarters, ranging from 6.05% to 6.57%. This indicates that the company is efficiently utilizing its assets to generate profits. The slight fluctuations in ROA suggest that General Dynamics has been able to maintain a strong performance in utilizing its assets effectively to generate earnings. Overall, the consistent ROA figures demonstrate the company's ability to generate profits relative to its total assets, which is a positive indicator of its operational efficiency and profitability.
Peer comparison
Dec 31, 2023
See also:
General Dynamics Corporation Return on Assets (ROA) (Quarterly Data)