ITT Inc (ITT)

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 518,300 482,800 432,500 421,500 410,500 434,200 425,800 392,200 367,000 355,400 340,500 304,900 316,300 199,200 64,900 73,900 72,500 154,400 319,800 338,600
Total assets US$ in thousands 4,710,700 4,944,500 4,410,300 4,403,700 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
ROA 11.00% 9.76% 9.81% 9.57% 10.44% 11.42% 10.96% 10.41% 9.71% 9.63% 9.20% 8.18% 8.87% 5.77% 1.87% 1.77% 1.69% 3.70% 7.70% 7.92%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $518,300K ÷ $4,710,700K
= 11.00%

ITT Inc's return on assets (ROA) has displayed some fluctuations over the past few years. From March 31, 2020, to December 31, 2020, the ROA decreased significantly from 7.92% to 1.69%. This decline suggests a potential decrease in the company's efficiency in generating profits from its assets during this period.

Subsequently, from March 31, 2021, to June 30, 2022, there was a gradual increase in ROA, indicating some improvement in the company's asset utilization and profitability. The ROA ranged between 1.77% to 9.20% during this period.

From September 30, 2022, to December 31, 2024, ITT Inc's ROA remained relatively stable, fluctuating between 9.63% and 11.00%. This stability could reflect the company's efforts to maintain consistent profitability levels relative to its asset base.

Overall, ITT Inc's ROA trend suggests that the company has experienced fluctuations in its ability to generate profits from its assets, but has shown some improvement and stability in recent periods, with ROA reaching the highest point of 11.00% as of December 31, 2024.