Leggett & Platt Incorporated (LEG)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 229,300 | 244,600 | 269,600 | 307,400 | 334,100 | 364,000 | 385,800 | 431,500 | 483,400 | 544,600 | 566,100 | 563,400 | 551,200 | 537,300 | 547,600 | 441,700 | 404,900 | 405,200 | 404,200 | 505,900 |
| Total assets | US$ in thousands | 3,661,600 | 3,780,100 | 3,838,800 | 4,614,800 | 4,634,500 | 5,077,600 | 5,144,300 | 5,270,000 | 5,186,100 | 5,175,200 | 5,230,600 | 5,341,800 | 5,307,300 | 5,235,100 | 5,150,100 | 4,911,600 | 4,754,000 | 4,663,800 | 4,582,100 | 4,982,000 |
| Operating ROA | 6.26% | 6.47% | 7.02% | 6.66% | 7.21% | 7.17% | 7.50% | 8.19% | 9.32% | 10.52% | 10.82% | 10.55% | 10.39% | 10.26% | 10.63% | 8.99% | 8.52% | 8.69% | 8.82% | 10.15% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $229,300K ÷ $3,661,600K
= 6.26%
Leggett & Platt Incorporated's operating return on assets (operating ROA) fluctuated over the period from March 31, 2020, to December 31, 2024. The operating ROA started at 10.15% in March 2020, showing strong initial performance. It then experienced a slight decline to 8.52% by December 2020. However, a positive trend emerged in the subsequent quarters, with operating ROA reaching a peak of 10.82% by June 30, 2022.
After this peak, operating ROA showed some fluctuations but generally maintained levels above 8%, indicating consistent operational efficiency. The metric declined to 6.26% by December 31, 2024, which was a decrease from the earlier peak but still above some of the lower points seen in the previous periods.
Overall, Leggett & Platt's operating ROA demonstrated fluctuations but generally reflected a positive trend, with periods of improved operational performance. This metric is essential for assessing the company's ability to generate profit from its assets before taking into account financing costs.
Peer comparison
Dec 31, 2024