Itron Inc (ITRI)

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 239,105 225,384 187,597 160,480 96,923 74,749 38,694 -22,474 -9,732 -90,810 -96,796 -92,952 -81,255 -869 -24,357 -54,036 -57,955 -64,855 -22,651 59,597
Total assets US$ in thousands 3,407,620 3,365,410 3,283,940 2,676,560 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
ROA 7.02% 6.70% 5.71% 6.00% 3.72% 2.98% 1.55% -0.92% -0.41% -3.92% -4.19% -3.84% -3.39% -0.04% -0.98% -1.85% -2.22% -2.15% -0.75% 1.94%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $239,105K ÷ $3,407,620K
= 7.02%

Itron Inc's return on assets (ROA) has fluctuated over the periods provided. From the first quarter of 2020 to the fourth quarter of 2022, the company experienced negative ROA values ranging from -4.19% to -0.04%. This suggests that during these periods, Itron Inc was not efficiently generating profits from its assets.

However, from the first quarter of 2023 to the fourth quarter of 2024, there was a significant improvement in ROA, with values increasing to a range of 3.72% to 7.02%. This indicates that during these periods, the company was able to generate more profits relative to its asset base.

Overall, it is evident that Itron Inc has seen fluctuations in its ROA over the years, with periods of poor performance followed by a notable improvement in asset utilization efficiency.