Ingersoll Rand Inc (IR)
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 | 838,600 | 838,600 | 825,300 | 819,800 | 778,700 | 766,300 | 703,100 | 662,100 | 604,700 | 680,300 | 661,200 | 756,600 | 562,500 | 421,100 | 324,600 | -86,900 | -33,300 | -159,200 | -147,400 | 75,100 |
Total assets | US$ in thousands | 18,009,800 | 18,206,200 | 17,838,500 | 15,529,000 | 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 |
ROA | 4.66% | 4.61% | 4.63% | 5.28% | 5.00% | 5.06% | 4.68% | 4.42% | 4.10% | 4.78% | 4.65% | 5.01% | 3.71% | 2.82% | 2.01% | -0.55% | -0.21% | -1.02% | -0.96% | 0.49% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $838,600K ÷ $18,009,800K
= 4.66%
Ingersoll Rand Inc's return on assets (ROA) has exhibited fluctuations over the reporting periods. Initially, the company's ROA was negative in the second quarter of 2020, indicating that its assets were not generating sufficient profit. However, there was a significant turnaround in the first quarter of 2021, with ROA surging to 2.01%, and this positive trend continued to strengthen over the subsequent quarters.
By the end of 2024, Ingersoll Rand Inc's ROA stood at 4.66%, demonstrating a consistent improvement in utilizing its assets to generate earnings. The average ROA for the period under review was approximately 3.51%, suggesting that the company gradually enhanced its operational efficiency and profitability through better asset management strategies. Overall, the increasing trend in ROA reflects a positive performance in maximizing returns relative to the company's asset base.
Peer comparison
Dec 31, 2024