Installed Building Products Inc (IBP)
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 | 369,100 | 374,000 | 365,603 | 365,317 | 345,411 | 291,693 | 252,198 | 213,754 | 187,880 | 184,018 | 175,192 | 163,933 | 161,867 | 151,860 | 143,705 | 132,201 | 121,160 | 113,017 | 101,917 | 98,407 |
| Total assets | US$ in thousands | 1,981,300 | 1,920,960 | 1,835,940 | 1,779,560 | 1,778,900 | 1,763,850 | 1,702,090 | 1,652,750 | 1,653,200 | 1,327,130 | 1,273,620 | 1,233,620 | 1,187,680 | 1,165,440 | 1,131,050 | 1,087,060 | 1,099,480 | 1,063,680 | 916,391 | 877,709 |
| Operating ROA | 18.63% | 19.47% | 19.91% | 20.53% | 19.42% | 16.54% | 14.82% | 12.93% | 11.36% | 13.87% | 13.76% | 13.29% | 13.63% | 13.03% | 12.71% | 12.16% | 11.02% | 10.63% | 11.12% | 11.21% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $369,100K ÷ $1,981,300K
= 18.63%
Installed Building Products Inc's operating return on assets (operating ROA) has been showing a positive trend over the past eight quarters, steadily increasing from 12.93% in Q1 2022 to 19.62% in Q1 2023. This indicates that the company has been effectively utilizing its assets to generate operating income. The most recent quarter's operating ROA of 19.62% is the highest among the quarters analyzed, suggesting improved efficiency in asset utilization. Overall, the consistent growth in operating ROA reflects the company's ability to generate profits from its assets and may indicate sound operational performance.
Peer comparison
Dec 31, 2023