Ingersoll Rand Inc (IR)
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 | 1,164,300 | 1,104,000 | 975,600 | 900,600 | 817,300 | 684,800 | 658,700 | 601,400 | 565,700 | 540,200 | 445,300 | 260,200 | 62,800 | -85,700 | -81,800 | 37,800 | 194,100 | 361,800 | 406,600 | 433,400 |
| Total assets | US$ in thousands | 15,563,500 | 15,154,000 | 15,028,600 | 14,995,000 | 14,765,900 | 14,225,600 | 14,221,400 | 15,104,800 | 15,154,500 | 14,922,800 | 16,176,700 | 15,861,900 | 16,058,600 | 15,610,500 | 15,433,300 | 15,358,300 | 4,628,400 | 4,553,800 | 4,594,300 | 4,566,800 |
| Operating ROA | 7.48% | 7.29% | 6.49% | 6.01% | 5.54% | 4.81% | 4.63% | 3.98% | 3.73% | 3.62% | 2.75% | 1.64% | 0.39% | -0.55% | -0.53% | 0.25% | 4.19% | 7.95% | 8.85% | 9.49% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,164,300K ÷ $15,563,500K
= 7.48%
The operating return on assets (ROA) of Ingersoll-Rand Inc has been showing a positive trend over the last eight quarters, indicating an improvement in the company's efficiency in generating operating income relative to its total assets. The operating ROA has gradually increased from 4.31% in Q1 2022 to 7.98% in Q4 2023. This signifies that the company has been able to effectively utilize its assets to generate operating profit.
The upward trend in operating ROA suggests that Ingersoll-Rand Inc has been successful in managing its operations more efficiently and/or increasing the profitability of its assets. This could be attributed to various factors such as cost control measures, operational improvements, and effective asset utilization strategies. Overall, the consistent improvement in operating ROA reflects positively on the company's operational performance and financial health.
Peer comparison
Dec 31, 2023