Installed Building Products Inc (IBP)
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 | 243,700 | 247,587 | 240,573 | 238,880 | 223,428 | 184,071 | 157,985 | 135,294 | 118,763 | 117,233 | 110,418 | 98,542 | 97,239 | 88,596 | 81,731 | 75,313 | 68,159 | 65,441 | 59,792 | 57,188 |
| 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 |
| ROA | 12.30% | 12.89% | 13.10% | 13.42% | 12.56% | 10.44% | 9.28% | 8.19% | 7.18% | 8.83% | 8.67% | 7.99% | 8.19% | 7.60% | 7.23% | 6.93% | 6.20% | 6.15% | 6.52% | 6.52% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $243,700K ÷ $1,981,300K
= 12.30%
Installed Building Products Inc's return on assets (ROA) has shown a consistent upward trend in the past eight quarters, starting from 8.19% in Q1 2022 to a peak of 13.42% in Q1 2023. This indicates an improvement in the company's ability to generate profits relative to its total assets. The steady increase in ROA reflects efficient asset utilization and effective management of the company's resources. Overall, the positive trajectory of ROA suggests that Installed Building Products Inc has been successful in maximizing returns on its assets over the observed period, which can be a sign of strong operational performance and financial health.
Peer comparison
Dec 31, 2023