nVent Electric PLC (NVT)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 620,600 | 613,600 | 592,500 | 557,400 | 522,100 | 516,400 | 474,400 | 440,400 | 404,300 | 381,500 | 365,100 | 355,400 | 340,800 | 101,500 | 58,500 | 38,400 | 46,500 | 274,200 | 315,900 | 333,100 |
| Total assets | US$ in thousands | 6,918,000 | 6,188,100 | 6,169,700 | 6,161,700 | 5,925,700 | 5,922,100 | 4,916,400 | 4,902,200 | 4,875,900 | 4,765,600 | 4,703,600 | 4,674,200 | 4,678,900 | 4,709,800 | 4,398,000 | 4,366,100 | 4,410,600 | 4,712,400 | 4,730,200 | 4,640,300 |
| Operating ROA | 8.97% | 9.92% | 9.60% | 9.05% | 8.81% | 8.72% | 9.65% | 8.98% | 8.29% | 8.01% | 7.76% | 7.60% | 7.28% | 2.16% | 1.33% | 0.88% | 1.05% | 5.82% | 6.68% | 7.18% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $620,600K ÷ $6,918,000K
= 8.97%
nVent Electric PLC's operating return on assets (ROA) has shown fluctuations over the past eight quarters. The company's operating ROA ranged from a low of 0.88% in March 2021 to a high of 9.92% in June 2024. The trend indicates an improvement in profitability from the low point in March 2021 to the recent peak in June 2024.
The variations in operating ROA could be attributed to changes in the company's operational efficiency, asset utilization, and profitability. It is crucial for nVent Electric PLC to sustain or enhance its operating ROA over time to demonstrate effective management of its assets in generating operating income.
Overall, based on the trend analysis, nVent Electric PLC has shown signs of improvement in operating ROA in recent quarters, which could indicate positive operational performance and efficiency enhancements. Continued monitoring of this ratio will be important to assess the company's financial health and performance.
Peer comparison
Sep 30, 2024