Granite Construction Incorporated (GVA)
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 | 126,346 | 110,861 | 89,534 | 35,639 | 43,599 | 39,653 | 55,422 | 69,469 | 76,575 | 41,310 | 2,960 | 60,374 | 10,096 | 31,319 | -94,886 | -150,320 | -149,495 | -157,339 | -45,689 | -142,552 |
| Total assets | US$ in thousands | 3,025,660 | 3,130,920 | 2,881,370 | 2,595,040 | 2,813,540 | 2,580,320 | 2,376,580 | 2,077,390 | 2,167,930 | 2,407,960 | 2,291,330 | 2,282,140 | 2,494,930 | 2,561,760 | 2,478,900 | 2,373,680 | 2,380,000 | 2,488,270 | 2,508,650 | 2,384,380 |
| ROA | 4.18% | 3.54% | 3.11% | 1.37% | 1.55% | 1.54% | 2.33% | 3.34% | 3.53% | 1.72% | 0.13% | 2.65% | 0.40% | 1.22% | -3.83% | -6.33% | -6.28% | -6.32% | -1.82% | -5.98% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $126,346K ÷ $3,025,660K
= 4.18%
Granite Construction Incorporated has displayed varying levels of return on assets (ROA) over the past few years. The company experienced negative ROA percentages in the range of -5.98% to -6.33% in the fiscal year 2020 and the beginning of 2021. However, there has been a gradual improvement in ROA performance, with positive ROA percentages recorded from the third quarter of 2021 onwards. The trend continued into 2024, with ROA percentages ranging from 1.37% to 4.18% by the end of December 2024. This indicates that Granite Construction Incorporated is becoming more effective in generating profit from its assets over time.
Peer comparison
Dec 31, 2024