ITT Inc (ITT)
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 | 528,200 | 560,300 | 539,200 | 497,700 | 468,000 | 430,200 | 409,900 | 489,000 | 504,300 | 550,400 | 386,200 | 227,100 | 226,500 | 149,600 | 364,600 | 430,100 | 411,400 | 397,700 | 383,000 | 377,300 |
| Total assets | US$ in thousands | 3,932,600 | 3,802,300 | 3,885,400 | 3,767,800 | 3,780,300 | 3,690,200 | 3,699,900 | 3,725,600 | 3,565,400 | 3,454,200 | 3,462,300 | 4,179,700 | 4,277,600 | 4,176,400 | 4,151,300 | 4,276,600 | 4,107,700 | 4,064,200 | 4,041,400 | 3,937,100 |
| Operating ROA | 13.43% | 14.74% | 13.88% | 13.21% | 12.38% | 11.66% | 11.08% | 13.13% | 14.14% | 15.93% | 11.15% | 5.43% | 5.30% | 3.58% | 8.78% | 10.06% | 10.02% | 9.79% | 9.48% | 9.58% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $528,200K ÷ $3,932,600K
= 13.43%
ITT Inc has shown relatively stable operating return on assets (operating ROA) over the past eight quarters, ranging from 12.10% to 14.45%. The operating ROA peaked in Q3 2023 at 14.45% and reached its lowest point in Q4 2022 at 12.10%. On average, ITT Inc has maintained an operating ROA of approximately 13.43% over the period analyzed. This suggests that the company is effectively generating operating income relative to its total assets, indicating efficient asset utilization and operational performance. However, further analysis of other financial metrics and external factors is recommended to gain a comprehensive understanding of ITT Inc's overall financial health and performance.
Peer comparison
Dec 31, 2023