Graco Inc (GGG)
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 | 506,511 | 522,749 | 505,858 | 488,968 | 460,645 | 454,685 | 442,282 | 435,022 | 439,866 | 434,325 | 444,611 | 363,325 | 330,456 | 300,600 | 270,617 | 329,922 | 343,853 | 332,741 | 341,290 | 342,293 |
| Total assets | US$ in thousands | 2,722,010 | 2,674,920 | 2,707,720 | 2,546,260 | 2,438,900 | 2,438,200 | 2,404,280 | 2,319,440 | 2,443,200 | 2,377,330 | 2,229,200 | 2,087,720 | 1,988,130 | 1,994,000 | 1,962,460 | 1,947,340 | 1,692,210 | 1,637,420 | 1,640,550 | 1,549,050 |
| ROA | 18.61% | 19.54% | 18.68% | 19.20% | 18.89% | 18.65% | 18.40% | 18.76% | 18.00% | 18.27% | 19.94% | 17.40% | 16.62% | 15.08% | 13.79% | 16.94% | 20.32% | 20.32% | 20.80% | 22.10% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $506,511K ÷ $2,722,010K
= 18.61%
Graco Inc's return on assets (ROA) has shown fluctuations over the past five years. The ROA ranged from a low of 13.79% in June 2020 to a high of 22.10% in March 2019. Overall, the trend in ROA appears to have been somewhat cyclic with ups and downs, but generally staying above 15% during this period.
The company's ability to generate profits from its assets, as reflected in the ROA, has been relatively strong and consistent in recent quarters. This indicates that Graco Inc has been effectively utilizing its assets to generate earnings. Investors and analysts may find this level of ROA favorable as it signifies efficient asset management and a solid performance in utilizing its resources to generate returns.
Further analysis of the underlying factors affecting Graco Inc's ROA, such as profitability margins and asset turnover, could provide additional insights into the company's financial performance and efficiency in generating profits relative to its asset base.
Peer comparison
Dec 31, 2023