Gates Industrial Corporation plc (GTES)
Operating return on assets (Operating ROA)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 499,100 | 492,000 | 462,600 | 441,400 | 419,300 | 402,900 | 384,000 | 360,800 | 387,500 | 423,900 | 484,100 | 493,600 | 427,000 | 281,300 | 211,100 | 193,700 | 206,500 | 305,000 | 346,800 | 398,600 |
| Total assets | US$ in thousands | 7,034,800 | 7,045,900 | 7,254,500 | 7,109,300 | 7,276,900 | 7,282,400 | 7,191,600 | 7,038,700 | 7,198,000 | 7,399,100 | 7,533,000 | 7,506,000 | 7,498,900 | 7,376,400 | 7,426,300 | 7,335,700 | 7,176,300 | 7,184,800 | 7,411,300 | 7,285,900 |
| Operating ROA | 7.09% | 6.98% | 6.38% | 6.21% | 5.76% | 5.53% | 5.34% | 5.13% | 5.38% | 5.73% | 6.43% | 6.58% | 5.69% | 3.81% | 2.84% | 2.64% | 2.88% | 4.25% | 4.68% | 5.47% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $499,100K ÷ $7,034,800K
= 7.09%
Operating return on assets (operating ROA) measures the efficiency with which Gates Industrial Corporation plc generates profits from its assets used in operations. A higher operating ROA indicates that the company is able to generate more operating income relative to its total assets.
Analyzing the trend of Gates Industrial Corporation plc's operating ROA over the past 20 quarters shows a varying performance. The operating ROA has fluctuated between 2.64% and 7.09% during this period, reflecting changes in the company's operational efficiency and asset utilization.
In recent quarters, the operating ROA has shown a generally increasing trend, reaching a peak of 7.09% in the most recent quarter. This improvement suggests that Gates Industrial Corporation plc has been successful in enhancing its operational efficiency and extracting higher returns from its assets.
However, it is important to note that the operating ROA has experienced fluctuations over the quarters, indicating potential volatility in the company's ability to generate profits from its operational assets. It would be essential for Gates Industrial Corporation plc to sustain and further improve its operating ROA to demonstrate long-term profitability and efficiency in asset utilization.
Peer comparison
Jun 30, 2024