Chart Industries Inc (GTLS)
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 | 392,300 | 296,400 | 233,700 | 167,600 | 151,500 | 111,800 | 83,900 | 79,800 | 88,500 | 90,600 | 104,900 | 105,200 | 92,200 | 85,200 | 80,500 | 70,900 | 52,000 | 62,800 | 70,900 | 74,000 |
| Total assets | US$ in thousands | 9,102,400 | 9,020,200 | 9,407,500 | 9,248,800 | 5,901,900 | 3,069,200 | 3,167,600 | 3,085,900 | 3,043,800 | 2,981,800 | 2,830,000 | 2,652,300 | 2,570,500 | 2,452,900 | 2,452,600 | 2,423,000 | 2,481,400 | 2,497,800 | 1,983,900 | 1,913,300 |
| Operating ROA | 4.31% | 3.29% | 2.48% | 1.81% | 2.57% | 3.64% | 2.65% | 2.59% | 2.91% | 3.04% | 3.71% | 3.97% | 3.59% | 3.47% | 3.28% | 2.93% | 2.10% | 2.51% | 3.57% | 3.87% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $392,300K ÷ $9,102,400K
= 4.31%
The operating return on assets (operating ROA) of Chart Industries Inc has fluctuated over the past eight quarters, ranging from a low of 1.81% in Q1 2023 to a high of 4.29% in Q4 2023. The average operating ROA over this period is approximately 2.84%.
The operating ROA is a measure of how efficiently the company is generating profits from its assets used for operations. A higher operating ROA indicates that the company is utilizing its assets effectively to generate operating income, while a lower operating ROA suggests inefficiency.
Chart Industries Inc showed an improvement in operating ROA in the most recent quarter, Q4 2023, compared to the previous quarters. This may imply stronger operational performance or better asset utilization during that period.
However, it is important to consider other factors such as industry trends, competition, and overall economic conditions when interpreting the operating ROA. Continued monitoring of this metric over time can provide insights into the company's operational efficiency and overall financial health.