Enpro Industries (NPO)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 76,800 | 18,100 | 31,100 | 94,300 | 72,200 | 110,800 | 89,500 | 77,600 | 83,100 | 97,000 | 65,900 | 35,800 | 29,100 | 5,000 | 31,600 | 60,500 | 56,600 | 53,900 | 79,000 | 70,400 |
| Total assets | US$ in thousands | 2,499,500 | 2,501,300 | 2,633,100 | 2,671,500 | 2,647,800 | 2,694,600 | 2,814,700 | 2,912,800 | 2,974,600 | 2,152,700 | 2,126,800 | 2,080,500 | 2,083,600 | 2,024,000 | 2,055,400 | 2,041,600 | 2,035,100 | 2,069,700 | 1,725,300 | 1,747,100 |
| Operating ROA | 3.07% | 0.72% | 1.18% | 3.53% | 2.73% | 4.11% | 3.18% | 2.66% | 2.79% | 4.51% | 3.10% | 1.72% | 1.40% | 0.25% | 1.54% | 2.96% | 2.78% | 2.60% | 4.58% | 4.03% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $76,800K ÷ $2,499,500K
= 3.07%
Operating Return on Assets (ROA) is a key financial ratio that indicates how efficiently a company is generating operating income relative to its total assets. A higher operating ROA suggests better asset utilization and profitability.
Analyzing the data from Enpro Inc's operating ROA over the past eight quarters shows a generally positive trend. The operating ROA has been increasing steadily from 3.24% in Q1 2022 to 5.51% in Q4 2023, indicating improving efficiency and profitability in generating operating income from its asset base.
The company's operating ROA peaked at 5.76% in Q1 2023 before experiencing a slight decline in the following quarters. Despite these fluctuations, the overall trend showcases a positive performance in efficiently utilizing assets to generate operating income.
Enpro Inc's operating ROA has been consistently above 5% in recent quarters, indicating a strong operational performance and a sound asset utilization strategy. This trend reflects positively on the company's ability to generate profits from its existing asset base. Moving forward, monitoring any deviations from this positive trend will be crucial in assessing Enpro Inc's operational efficiency and profitability.