Genuine Parts Co (GPC)
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 | 1,316,524 | 1,251,625 | 1,212,785 | 1,240,820 | 1,182,701 | 1,186,724 | 1,102,951 | 926,918 | 898,790 | 813,995 | 812,941 | 52,073 | -29,102 | -191,388 | -191,432 | 597,370 | 621,085 | 798,866 | 791,606 | 794,148 |
| 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 |
| ROA | 7.33% | 7.35% | 7.16% | 7.34% | 7.17% | 7.25% | 6.79% | 5.70% | 6.26% | 5.82% | 5.77% | 0.37% | -0.22% | -1.42% | -1.44% | 4.13% | 4.24% | 5.50% | 5.41% | 5.64% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,316,524K ÷ $17,968,500K
= 7.33%
Genuine Parts Co.'s return on assets (ROA) has shown relatively stable performance over the past eight quarters, ranging between 5.70% to 7.35%. The ROA increased from 5.70% in Q1 2022 to a peak of 7.35% in Q3 2023, indicating improved efficiency in generating profits from its assets. Overall, Genuine Parts Co. has maintained a healthy ROA in the range of 7.16% to 7.34%, reflecting the company's ability to generate earnings relative to its total assets. This consistent performance suggests effective asset management and operational efficiency within the company. However, further analysis and comparison with industry benchmarks would provide a more comprehensive assessment of Genuine Parts Co.'s ROA performance.