Enpro Industries (NPO)

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	22,200	154,100	172,700	225,700	205,100	180,600	181,600	176,500	177,700	60,300	12,700	-23,100	177,600	195,300	213,500	243,900	38,300	8,400	34,100	20,100
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
ROA		0.89%	6.16%	6.56%	8.45%	7.75%	6.70%	6.45%	6.06%	5.97%	2.80%	0.60%	-1.11%	8.52%	9.65%	10.39%	11.95%	1.88%	0.41%	1.98%	1.15%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $22,200K ÷ $2,499,500K
= 0.89%

To analyze Enpro Inc's return on assets (ROA) based on the provided data, we observe fluctuations in the ROA over the eight quarters presented. ROA is a key financial ratio that indicates the company's efficiency in generating profits from its assets.

Enpro Inc's ROA ranged from a low of 0.89% in Q4 2023 to a high of 8.47% in Q1 2023, showing variability in the company's ability to utilize its assets effectively to generate profits. The peak ROA in Q1 2023 suggests a period of strong asset management and profitability for the company, while the decrease in Q4 2023 may indicate a potential decline in asset efficiency.

Overall, Enpro Inc's ROA performance has shown some fluctuations over the quarters provided, with some periods demonstrating stronger asset utilization and profitability than others. Further analysis of the company's financial performance and strategic initiatives would be necessary to understand the factors influencing these ROA variations.