Granite Construction Incorporated (GVA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 43,599 | 39,653 | 51,331 | 87,012 | 83,302 | 48,037 | 13,778 | 49,558 | 10,096 | 31,319 | -94,886 | -145,942 | -145,117 | -172,507 | -35,444 | -63,091 | -60,191 | -93,487 | -71,552 | -41,444 |
| Total assets | US$ in thousands | 2,813,540 | 2,580,320 | 2,376,580 | 2,077,390 | 2,167,930 | 2,402,650 | 2,284,910 | 2,263,280 | 2,494,930 | 2,561,760 | 2,478,900 | 2,373,680 | 2,380,000 | 2,488,270 | 2,508,650 | 2,384,380 | 2,502,090 | 2,612,660 | 2,524,620 | 2,358,600 |
| ROA | 1.55% | 1.54% | 2.16% | 4.19% | 3.84% | 2.00% | 0.60% | 2.19% | 0.40% | 1.22% | -3.83% | -6.15% | -6.10% | -6.93% | -1.41% | -2.65% | -2.41% | -3.58% | -2.83% | -1.76% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $43,599K ÷ $2,813,540K
= 1.55%
Granite Construction Inc.'s return on assets (ROA) has exhibited fluctuations over the past eight quarters, ranging from a low of 0.90% in Q3 2023 to a high of 3.84% in Q4 2022. The ROA for Q4 2023 stands at 1.55%, indicating a moderate return generated from the company's assets during that period. It is important to note that the ROA trend for Granite Construction Inc. has shown variability, suggesting potential changes in the company's asset utilization efficiency and profitability in recent quarters. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's performance in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023