Enpro Industries (NPO)
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 | 147,300 | 135,600 | 133,400 | 65,100 | 76,800 | 76,400 | 89,400 | 158,500 | 142,100 | 128,600 | 112,300 | 94,500 | 94,300 | 98,800 | 62,700 | 32,600 | 25,900 | 5,000 | 41,100 | 79,600 |
| Total assets | US$ in thousands | 2,491,500 | 2,533,800 | 2,521,900 | 2,527,800 | 2,499,500 | 2,501,300 | 2,633,100 | 2,671,500 | 2,647,800 | 2,694,600 | 2,814,700 | 2,912,800 | 2,968,700 | 2,152,700 | 2,126,800 | 2,080,500 | 2,083,600 | 2,024,000 | 2,055,400 | 2,041,600 |
| Operating ROA | 5.91% | 5.35% | 5.29% | 2.58% | 3.07% | 3.05% | 3.40% | 5.93% | 5.37% | 4.77% | 3.99% | 3.24% | 3.18% | 4.59% | 2.95% | 1.57% | 1.24% | 0.25% | 2.00% | 3.90% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $147,300K ÷ $2,491,500K
= 5.91%
Operating ROA is a key financial ratio that indicates how effectively a company is generating operating profit from its assets. Looking at the trend in Enpro Industries' operating ROA from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio over time.
The operating ROA for Enpro Industries started at 3.90% on March 31, 2020, but experienced a decline to 2.00% by June 30, 2020. The ratio further decreased to 0.25% on September 30, 2020, indicating a significant drop in profitability. However, there was a slight improvement to 1.24% by December 31, 2020.
Throughout 2021, the operating ROA showed some variability, ranging from 1.57% to 4.59%. Notably, there was a notable increase in the ratio towards the end of 2021, reaching 4.59% on September 30. This positive trend continued into 2022, with the operating ROA ranging from 3.24% to 5.37% by December 31, 2022.
In the subsequent period from March 31, 2023, to December 31, 2024, the operating ROA fluctuated within a narrower range, between 2.58% and 5.91%. Notably, there was a peak in the ratio on June 30, 2024, at 5.29%, followed by a slight increase to 5.35% on September 30, 2024, and a further increase to 5.91% by December 31, 2024.
Overall, the trend in Enpro Industries' operating ROA indicates fluctuations in profitability over the analyzed period. It is important for the company to continue monitoring and improving its operating efficiency to sustain or enhance its return on assets.