nVent Electric PLC (NVT)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 580,700 | 637,900 | 660,900 | 637,700 | 601,300 | 617,800 | 552,800 | 510,800 | 476,800 | 375,000 | 381,500 | 365,100 | 355,400 | 340,800 | 101,500 | 58,500 | 38,400 | 46,500 | 274,200 | 315,900 |
| Total assets | US$ in thousands | 6,734,900 | 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 |
| Operating ROA | 8.62% | 9.22% | 10.68% | 10.34% | 9.76% | 10.43% | 9.33% | 10.39% | 9.73% | 7.69% | 8.01% | 7.76% | 7.60% | 7.28% | 2.16% | 1.33% | 0.88% | 1.05% | 5.82% | 6.68% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $580,700K ÷ $6,734,900K
= 8.62%
nVent Electric PLC's operating return on assets (operating ROA) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates a gradual decline from 6.68% in March 2020 to a low of 0.88% in December 2020. From there, the operating ROA started to recover, with intermittent fluctuations, reaching 10.68% by June 30, 2024.
Overall, nVent Electric PLC's operating ROA exhibited variability, indicating changes in the efficiency of generating profits from its assets over time. The company experienced both periods of improvement and decline, showcasing the importance of closely monitoring and managing asset utilization to enhance profitability.
Peer comparison
Dec 31, 2024