Itron Inc (ITRI)
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 | 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 | 49,006 | 58,263 | 61,298 | 44,509 |
| 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 |
| ROA | 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% | 1.81% | 2.18% | 2.26% | 1.65% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $96,923K ÷ $2,604,260K
= 3.72%
Itron Inc.'s return on assets (ROA) has shown variation over the past eight quarters. In Q4 2023, the ROA was 3.72%, marking a positive trend compared to the previous quarters. This could indicate improved efficiency in generating profits from its assets. Q3 2023 also showed a decent ROA of 2.98%, maintaining a positive performance. However, in Q2 and Q1 2023, the ROA decreased to 1.55% and -0.92% respectively.
Looking back to Q4 2022 and Q3 2022, the company experienced negative ROA figures of -0.41% and -3.92%, indicating struggles in generating profits from its assets during those periods. This trend continued into Q2 and Q1 2022 with ROA values of -4.19% and -3.84% respectively.
Overall, there has been a recent improvement in Itron Inc.'s ROA, particularly in the most recent quarters. However, the company faced challenges over the past two years in generating profits from its assets, as evidenced by the negative ROA figures during those periods. Continued monitoring of ROA will be essential to assess the company's efficiency in utilizing its assets effectively to generate returns for its stakeholders.
Peer comparison
Dec 31, 2023