ITT Inc (ITT)
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 | 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 | 325,100 | 308,600 | 300,900 | 303,800 |
| 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 |
| ROA | 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% | 7.91% | 7.59% | 7.45% | 7.72% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $410,500K ÷ $3,932,600K
= 10.44%
ITT Inc's return on assets (ROA) has shown a generally positive trend over the past eight quarters, indicating an improvement in the company's efficiency in generating profits from its assets. The ROA has consistently increased from 8.18% in Q1 2022 to 10.44% in Q4 2023. This suggests that the company is utilizing its assets more effectively to generate profits for its stakeholders.
The upward trend in ROA indicates that ITT Inc has been able to increase its net income relative to its total assets over the given period. This could be a result of improved operational efficiency, better cost management, or strategic investments in assets that generate higher returns. Overall, the trend in ROA reflects positively on ITT Inc's financial performance and its ability to generate returns for its shareholders.
Peer comparison
Dec 31, 2023