Gates Industrial Corporation plc (GTES)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 252,300 | 246,500 | 232,900 | 254,900 | 228,100 | 216,300 | 220,800 | 198,600 | 216,900 | 260,700 | 297,100 | 258,700 | 230,400 | 111,100 | 79,400 | 74,500 | 68,100 | 112,000 | 690,100 | 746,300 |
| 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 |
| ROA | 3.59% | 3.50% | 3.21% | 3.59% | 3.13% | 2.97% | 3.07% | 2.82% | 3.01% | 3.52% | 3.94% | 3.45% | 3.07% | 1.51% | 1.07% | 1.02% | 0.95% | 1.56% | 9.31% | 10.24% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $252,300K ÷ $7,034,800K
= 3.59%
The Return on Assets (ROA) of Gates Industrial Corporation plc has shown some fluctuation over the past several quarters. ROA measures a company's efficiency in generating profits from its assets.
From December 2019 to September 2020, ROA was relatively high, ranging from 9.31% to 10.24%. However, there was a significant decrease in ROA in the subsequent quarters, hitting a low of 0.95% in March 2020. This decline may have been influenced by various factors such as economic conditions or changes in the company's operations.
In the most recent quarter, June 2024, the ROA has improved to 3.59%, showing a positive trend in the company's ability to utilize its assets to generate profits. It is essential for Gates Industrial Corporation plc to continue monitoring and improving its ROA as it reflects the company's efficiency and profitability.
Peer comparison
Jun 30, 2024