General Dynamics Corporation (GD)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,782,000 | 3,639,000 | 3,545,000 | 3,384,000 | 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 |
| 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 |
| ROA | 6.77% | 6.35% | 6.39% | 6.13% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,782,000K ÷ $55,880,000K
= 6.77%
General Dynamics Corporation's return on assets (ROA) has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The ROA started at 6.41% in March 2020, slightly increased to 6.50% by June 2020, and then experienced slight variations until December 2021.
From March 2022 to June 2024, the ROA fluctuated within a narrow range between 6.45% and 6.77%. Notably, there was a peak in the ROA at 6.77% by December 31, 2024.
Overall, General Dynamics Corporation's ROA demonstrates a relatively stable performance, with occasional fluctuations. The increasing trend towards the end of the period, particularly the rise observed in the last quarter of 2024, indicates improvements in the company's ability to generate profits from its assets. Further analysis of the company's financial statements and operational performance would provide a more in-depth understanding of the factors driving these fluctuations in ROA.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Return on Assets (ROA) (Quarterly Data)