Lennox International Inc (LII)
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 | 590,100 | 540,000 | 551,500 | 511,500 | 497,100 | 486,300 | 470,700 | 463,500 | 464,100 | 492,200 | 497,600 | 427,600 | 356,300 | 358,600 | 341,600 | 352,300 | 408,700 | 370,300 | 363,600 | 390,500 |
| Total assets | US$ in thousands | 2,798,300 | 2,890,100 | 2,981,300 | 2,770,400 | 2,567,600 | 2,625,800 | 2,659,000 | 2,456,900 | 2,171,900 | 2,123,500 | 2,204,700 | 2,075,000 | 2,032,500 | 1,981,200 | 2,124,300 | 2,128,400 | 2,034,900 | 2,214,800 | 2,340,400 | 2,105,700 |
| ROA | 21.09% | 18.68% | 18.50% | 18.46% | 19.36% | 18.52% | 17.70% | 18.87% | 21.37% | 23.18% | 22.57% | 20.61% | 17.53% | 18.10% | 16.08% | 16.55% | 20.08% | 16.72% | 15.54% | 18.54% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $590,100K ÷ $2,798,300K
= 21.09%
Based on the provided data, Lennox International Inc's return on assets (ROA) has shown a consistent and positive trend over the past eight quarters. The ROA has ranged from a low of 17.70% in Q2 2022 to a high of 21.09% in Q4 2023, with the most recent quarter reflecting a strong ROA of 21.09%. This indicates that the company has been effectively utilizing its assets to generate profits for its shareholders.
Overall, Lennox International Inc's ROA performance suggests that the company has been efficient in generating earnings from its assets, which is an essential aspect of financial performance analysis. The upward trend in ROA over the quarters indicates a positive trajectory in the company's asset management and operational efficiency. Investors and stakeholders may view this as a favorable indicator of the company's ability to generate returns on its investments in assets.
Peer comparison
Dec 31, 2023