nVent Electric PLC (NVT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 576,500 | 578,400 | 567,100 | 470,900 | 458,800 | 425,800 | 399,800 | 308,100 | 289,000 | 275,300 | 272,900 | 253,000 | 40,000 | -400 | -47,200 | -48,800 | 149,800 | 184,900 | 222,700 | 244,200 |
| 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 |
| ROA | 9.32% | 9.37% | 9.20% | 7.95% | 7.75% | 8.66% | 8.16% | 6.32% | 6.06% | 5.85% | 5.84% | 5.41% | 0.85% | -0.01% | -1.08% | -1.11% | 3.18% | 3.91% | 4.80% | 5.27% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $576,500K ÷ $6,188,100K
= 9.32%
Based on the provided data, nVent Electric PLC's return on assets (ROA) has shown some variability over the past few quarters.
The ROA was relatively stable around the 6% to 9% range from Jun 30, 2020, to Mar 31, 2023. There was a noticeable increase in ROA in the Dec 31, 2023, quarter, reaching 9.20%, which was a positive sign for the company's efficiency in generating profits from its assets.
However, the ROA declined in the following quarter, Mar 31, 2024, to 9.37%, and then decreased further in the Jun 30, 2024, quarter to 9.32%. These reductions could indicate potential challenges in asset utilization or profitability levels in those periods.
It is essential for nVent Electric PLC to monitor and manage its asset efficiency and profitability to sustain or improve its ROA in the future. Further analysis of the company's financial and operational performance would provide more insights into the factors driving the changes in ROA.
Peer comparison
Jun 30, 2024