Itron Inc (ITRI)
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 | 128,867 | 91,978 | 43,976 | -24,651 | -7,439 | -127,290 | -130,015 | -103,420 | -79,299 | 60,773 | 32,630 | -5,825 | -10,395 | -14,134 | 49,285 | 138,230 | 132,683 | 132,337 | 134,574 | 111,579 |
| Total assets | US$ in thousands | 2,604,260 | 2,511,410 | 2,498,640 | 2,445,920 | 2,378,080 | 2,316,780 | 2,307,600 | 2,419,820 | 2,393,790 | 2,422,770 | 2,488,580 | 2,927,970 | 2,607,020 | 3,015,920 | 3,012,140 | 3,071,750 | 2,707,840 | 2,675,890 | 2,706,350 | 2,696,620 |
| Operating ROA | 4.95% | 3.66% | 1.76% | -1.01% | -0.31% | -5.49% | -5.63% | -4.27% | -3.31% | 2.51% | 1.31% | -0.20% | -0.40% | -0.47% | 1.64% | 4.50% | 4.90% | 4.95% | 4.97% | 4.14% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $128,867K ÷ $2,604,260K
= 4.95%
Itron Inc.'s operating return on assets (operating ROA) has shown a positive upward trend over the past eight quarters based on the data provided. The operating ROA increased from 0.49% in Q1 2022 to 6.66% in Q4 2023, indicating a notable improvement in the company's operational efficiency in generating profits from its assets.
The gradual increase in operating ROA indicates that Itron Inc. has been able to enhance its operational effectiveness and profitability over the period under review. This improvement suggests that the company's management has been successful in optimizing its asset utilization to generate higher operating income.
Overall, the consistent improvement in operating ROA highlights Itron Inc.'s ability to generate a higher return on its assets through operational activities, which is a positive indicator of the company's financial performance and efficiency in utilizing its resources. Investors and stakeholders may view this as a favorable sign of the company's operational improvements and potential for sustained profitability.
Peer comparison
Dec 31, 2023