Northrop Grumman Corporation (NOC)

Return on assets (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
Net income (ttm)	US$ in thousands	4,174,000	2,375,000	2,286,000	2,158,000	2,056,000	4,671,000	4,649,000	4,783,000	4,896,000	5,526,000	5,674,000	5,765,000	7,005,000	4,625,000	4,548,000	4,516,000	3,189,000	2,450,000	2,397,000	2,253,000
Total assets	US$ in thousands	49,359,000	48,289,000	47,670,000	47,818,000	46,544,000	44,896,000	45,609,000	44,244,000	43,755,000	42,733,000	41,914,000	41,903,000	42,579,000	42,346,000	42,142,000	41,423,000	44,469,000	44,772,000	43,475,000	43,203,000
ROA		8.46%	4.92%	4.80%	4.51%	4.42%	10.40%	10.19%	10.81%	11.19%	12.93%	13.54%	13.76%	16.45%	10.92%	10.79%	10.90%	7.17%	5.47%	5.51%	5.21%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $4,174,000K ÷ $49,359,000K
= 8.46%

The return on assets (ROA) for Northrop Grumman Corporation has shown fluctuating trends over the analyzed periods. The ROA started at 5.21% in March 2020, increased to 16.45% by December 2021, and then decreased to 8.46% by December 2024.

Overall, from 2020 to 2024, the ROA has displayed both upward and downward movements, with periods of growth and decline observed. It is important to note that a higher ROA indicates better efficiency in utilizing assets to generate profits, while a lower ROA may signify inefficiencies in asset utilization or declining profitability.

Further analysis of Northrop Grumman's financial performance and business strategies would be necessary to fully understand the factors influencing the fluctuations in ROA observed during the analyzed periods.