Griffon Corporation (GFF)
Return on assets (ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 209,897 | 189,371 | 197,490 | 71,092 | 77,617 | -381,180 | -290,098 | -162,154 | -191,558 | 241,166 | 117,586 | 69,009 | 79,211 | 83,410 | 88,534 | 72,317 | 53,429 | 49,433 | 41,197 | 39,146 |
| Total assets | US$ in thousands | 2,370,950 | 2,378,860 | 2,423,730 | 2,393,310 | 2,418,880 | 2,571,220 | 2,660,160 | 2,777,240 | 2,816,470 | 3,504,230 | 3,787,020 | 2,582,740 | 2,604,680 | 2,548,660 | 2,524,280 | 2,484,440 | 2,448,590 | 2,310,220 | 2,318,750 | 2,257,800 |
| ROA | 8.85% | 7.96% | 8.15% | 2.97% | 3.21% | -14.82% | -10.91% | -5.84% | -6.80% | 6.88% | 3.10% | 2.67% | 3.04% | 3.27% | 3.51% | 2.91% | 2.18% | 2.14% | 1.78% | 1.73% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $209,897K ÷ $2,370,950K
= 8.85%
The return on assets (ROA) for Griffon Corporation has shown fluctuations over the past eight quarters. The ROA has ranged from a low of -14.82% in the second quarter of 2023 to a high of 8.85% in the third quarter of 2024.
Overall, the ROA has shown an improving trend in recent quarters, with positive figures indicating an increase in the company's ability to generate profit from its assets. The average ROA over the past several quarters indicates a positive trend, suggesting that Griffon Corporation has been able to effectively utilize its assets to generate profits for its shareholders.
It is important to note that the ROA figure should be interpreted in relation to industry benchmarks and the company's own historical performance to determine the effectiveness of management in utilizing assets to generate profits. Thus, while the recent trend in ROA for Griffon Corporation appears positive, further analysis is recommended to assess the overall financial health and performance of the company.