Genuine Parts Co (GPC)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	1,747,053	1,675,922	1,639,297	1,693,397	1,614,199	2,960,090	2,827,144	2,579,948	2,518,289	2,272,949	2,279,567	1,727,853	1,648,273	1,679,113	1,660,819	2,261,286	2,317,422	1,417,805	1,432,835	1,434,535
Total assets	US$ in thousands	17,968,500	17,021,900	16,941,600	16,907,500	16,495,400	16,377,100	16,238,200	16,273,300	14,352,100	13,974,900	14,086,000	13,943,500	13,440,200	13,475,500	13,264,000	14,451,400	14,645,600	14,513,200	14,639,500	14,070,500
Operating ROA		9.72%	9.85%	9.68%	10.02%	9.79%	18.07%	17.41%	15.85%	17.55%	16.26%	16.18%	12.39%	12.26%	12.46%	12.52%	15.65%	15.82%	9.77%	9.79%	10.20%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,747,053K ÷ $17,968,500K
= 9.72%

Operating ROA for Genuine Parts Co. has shown relatively stable performance over the last eight quarters, fluctuating within a narrow range. The Q1 2023 operating ROA reached its peak at 10.02%, reflecting strong operational efficiency and profitability. This was followed by a slight decrease in Q2 2023 to 9.68%, indicating a temporary dip in performance. Q3 2023 saw a modest improvement to 9.85%, suggesting a partial recovery. The latest data for Q4 2023 shows a slight decrease to 9.72%, but the overall trend remains relatively steady.

The company's ability to generate operating income from its assets, as reflected in the operating ROA, appears to be healthy and consistent. However, monitoring future trends in operating ROA will be crucial to assess any potential shifts in the company's operational efficiency and profitability.