LKQ Corporation (LKQ)
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 | 1,292,000 | 1,298,000 | 1,296,000 | 1,319,000 | 1,357,000 | 1,373,000 | 1,423,000 | 1,422,000 | 1,428,000 | 1,415,096 | 1,435,250 | 1,473,924 | 1,474,372 | 1,461,549 | 1,379,397 | 1,115,176 | 985,577 | 925,072 | 860,434 | 916,092 |
| Total assets | US$ in thousands | 14,955,000 | 15,466,000 | 15,211,000 | 15,270,000 | 15,079,000 | 15,168,000 | 14,155,000 | 12,508,000 | 12,038,000 | 11,666,000 | 12,134,000 | 12,778,000 | 12,606,200 | 12,460,900 | 12,438,100 | 12,665,500 | 12,360,500 | 12,161,200 | 12,035,300 | 12,354,100 |
| Operating ROA | 8.64% | 8.39% | 8.52% | 8.64% | 9.00% | 9.05% | 10.05% | 11.37% | 11.86% | 12.13% | 11.83% | 11.53% | 11.70% | 11.73% | 11.09% | 8.80% | 7.97% | 7.61% | 7.15% | 7.42% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,292,000K ÷ $14,955,000K
= 8.64%
Operating return on assets (Operating ROA) is a key financial ratio that measures a company's operating income generated in relation to its total assets. For LKQ Corporation, the Operating ROA has shown fluctuations over the past few years, ranging from 7.15% to 12.13%.
The trend of LKQ Corporation's Operating ROA indicates a general increase from 7.42% in March 2020 to a peak of 12.13% in September 2022. However, there was a slight decline in the ratio to 8.39% by September 2024.
The highest Operating ROA was achieved in the third quarter of 2022 at 12.13%, reflecting the company's efficiency in generating operating income relative to its asset base during that period. On the other hand, the lowest Operating ROA was observed in the third quarter of 2023 at 9.05%, which suggests a possible decrease in operational efficiency during that timeframe.
Overall, the trend in LKQ Corporation's Operating ROA indicates varying levels of operating performance efficiency over the analyzed period. It is essential for stakeholders to monitor this ratio to gauge the company's ability to effectively utilize its assets to generate operating income.