ITT Inc (ITT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 410,500 | 367,000 | 316,300 | 72,500 | 325,100 |
| Total assets | US$ in thousands | 3,932,600 | 3,780,300 | 3,565,400 | 4,277,600 | 4,107,700 |
| ROA | 10.44% | 9.71% | 8.87% | 1.69% | 7.91% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $410,500K ÷ $3,932,600K
= 10.44%
ITT Inc's return on assets (ROA) has exhibited a fluctuating trend over the past five years, with the highest ROA recorded in 2023 at 10.44% and the lowest in 2020 at 1.69%. The company's ROA has generally shown an increasing pattern from 2019 to 2023, indicating improving efficiency in generating profits from its total assets. In comparison to the industry average, ITT Inc's ROA figures appear relatively strong, suggesting effective asset utilization and operational management. Overall, the upward trajectory in ROA reflects positively on the company's ability to generate earnings relative to its asset base over the recent years.
Peer comparison
Dec 31, 2023