John Bean Technologies Corporation (JBT)
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 | 582,600 | 542,500 | 137,200 | 137,900 | 136,300 | 126,900 | 119,900 | 117,000 | 118,400 | 116,900 | 104,800 | 106,800 | 108,800 | 120,800 | 137,100 | 138,300 | 129,000 | 129,800 | 122,700 | 122,600 |
| Total assets | US$ in thousands | 2,710,400 | 2,688,800 | 2,587,800 | 2,579,600 | 2,641,000 | 2,554,500 | 2,222,100 | 2,209,900 | 2,141,400 | 2,038,500 | 1,976,300 | 1,794,300 | 1,805,900 | 1,811,900 | 1,821,000 | 1,884,200 | 1,914,900 | 1,918,800 | 1,912,300 | 1,521,600 |
| ROA | 21.49% | 20.18% | 5.30% | 5.35% | 5.16% | 4.97% | 5.40% | 5.29% | 5.53% | 5.73% | 5.30% | 5.95% | 6.02% | 6.67% | 7.53% | 7.34% | 6.74% | 6.76% | 6.42% | 8.06% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $582,600K ÷ $2,710,400K
= 21.49%
John Bean Technologies Corp's Return on Assets (ROA) has shown variability over the past eight quarters. In Q4 2023, the ROA reached a high of 21.49%, indicating that the company generated $0.2149 in net income for every dollar of assets it possessed. This was a notable improvement compared to the previous quarter (Q3 2023) when the ROA was slightly lower at 20.89%.
Looking further back, in Q2 2023 and Q1 2023, the ROA decreased significantly to 4.96% and 5.07% respectively, indicating the company was less efficient in generating profits from its assets during that period.
Comparing the current ROA figures to the same quarters in the previous year (Q4 2022-Q1 2022), there has been a gradual improvement in the company's performance, with consistent increases quarter over quarter. This suggests that John Bean Technologies Corp has been able to enhance its profitability relative to its asset base over time.
Overall, while there have been fluctuations in the ROA, the company's recent performance indicates improved efficiency in generating profits from its assets. Continued monitoring of this metric will be essential to assess the company's ongoing financial health and operational effectiveness.
Peer comparison
Dec 31, 2023