nVent Electric PLC (NVT)
Operating return on assets (Operating ROA)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 643,600 | 622,500 | 587,400 | 552,100 | 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 | 336,800 |
| Total assets | US$ in thousands | 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 | 4,636,100 |
| Operating ROA | 10.40% | 10.09% | 9.53% | 9.32% | 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% | 7.26% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $643,600K ÷ $6,188,100K
= 10.40%
nVent Electric PLC's operating return on assets (operating ROA) has shown a fluctuating trend over the past several quarters. The operating ROA has generally been increasing since the end of 2020, reaching its peak at 10.40% as of Jun 30, 2024. This indicates that the company has been effective in generating operating profits relative to its total assets.
The improvement in operating ROA from 7.26% in Dec 2019 to 10.40% in Jun 2024 suggests that nVent Electric PLC has been able to enhance its operational efficiency and profitability over this period. However, it is important to note the slight fluctuations in the operating ROA over the quarters, which could indicate variability in the company's operational performance.
Overall, the increasing trend in operating ROA signifies a positive development in nVent Electric PLC's ability to utilize its assets to generate operating income, although investors and stakeholders may want to monitor the stability of this trend over time.
Peer comparison
Jun 30, 2024