Enpro Industries (NPO)
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 | 61,700 | 42,900 | 31,400 | -13,900 | 10,800 | -45,400 | -26,800 | 26,200 | 17,000 | 180,900 | 181,900 | 176,800 | 178,000 | 67,100 | 19,500 | -16,300 | 184,400 | 195,300 | 213,500 | 243,900 |
| 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 |
| ROA | 2.48% | 1.69% | 1.25% | -0.55% | 0.43% | -1.82% | -1.02% | 0.98% | 0.64% | 6.71% | 6.46% | 6.07% | 6.00% | 3.12% | 0.92% | -0.78% | 8.85% | 9.65% | 10.39% | 11.95% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $61,700K ÷ $2,491,500K
= 2.48%
Enpro Industries' return on assets (ROA) fluctuated over the past few years, showing a general declining trend since March 2021. The ROA was relatively stable, hovering around 10%-12%, from March 2020 to December 2021. However, beginning in March 2022, there was a noticeable decline in ROA, reaching its lowest point of -1.82% in September 2023.
From September 2023 onwards, there were some signs of recovery, with ROA gradually climbing back up. By December 2024, the ROA had improved to 2.48%, but it is still below the levels seen before the decline.
The negative ROA figures seen in the latter half of 2023 and early 2024 indicate that Enpro Industries was experiencing challenges in generating profits relative to its total assets during that period. It is essential for Enpro Industries to closely evaluate and address the factors contributing to the decline in ROA to ensure sustainable profitability and efficiency in asset utilization moving forward.