Gates Industrial Corporation plc (GTES)

Return on assets (ROA)

Dec 31, 2024 Sep 30, 2024 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
Net income (ttm) US$ in thousands 194,900 221,200 252,300 246,500 232,900 254,900 228,100 216,300 220,800 198,600 216,900 260,700 297,100 258,700 230,400 111,100 79,400 74,500 68,100 112,000
Total assets US$ in thousands 6,786,300 7,121,500 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
ROA 2.87% 3.11% 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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $194,900K ÷ $6,786,300K
= 2.87%

The Return on Assets (ROA) of Gates Industrial Corporation plc has exhibited fluctuations over the period from March 2020 to December 2024. Starting at 1.56% in March 2020, the ROA decreased to 0.95% by June 2020 but then gradually improved to reach 3.94% by December 2021.

The ROA remained above 3% from June 2021 to September 2023, indicating the company's ability to generate higher earnings relative to its total assets during these periods. However, there was a slight decline to 2.87% by December 2024.

Overall, Gates Industrial Corporation plc's ROA trend demonstrates varying levels of efficiency in utilizing its assets to generate profits. The company should continue monitoring and managing its asset utilization to maintain or enhance its profitability in the future.