Owens Corning Inc (OC)
Return on assets (ROA)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,196,000 | 1,189,000 | 1,322,000 | 1,320,000 | 1,241,000 | 1,344,000 | 1,134,000 | 1,089,000 | 995,000 | 1,000,000 | 946,000 | 744,000 | -383,000 | -542,000 | -598,000 | -556,000 | 405,000 | 503,000 | 514,000 | 497,000 |
| Total assets | US$ in thousands | 11,237,000 | 11,069,000 | 11,001,000 | 10,840,000 | 10,752,000 | 10,721,000 | 10,543,000 | 10,316,000 | 10,015,000 | 9,981,000 | 9,977,000 | 9,560,000 | 9,481,000 | 9,398,000 | 9,370,000 | 9,151,000 | 10,006,000 | 9,955,000 | 10,183,000 | 10,265,000 |
| ROA | 10.64% | 10.74% | 12.02% | 12.18% | 11.54% | 12.54% | 10.76% | 10.56% | 9.94% | 10.02% | 9.48% | 7.78% | -4.04% | -5.77% | -6.38% | -6.08% | 4.05% | 5.05% | 5.05% | 4.84% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,196,000K ÷ $11,237,000K
= 10.64%
Owens Corning's return on assets (ROA) has displayed some variability over the past eight quarters, ranging from a low of 10.56% in Q1 2022 to a high of 12.18% in Q1 2023. The ROA shows a general upward trend from Q1 2022 to Q2 2023, indicating an improvement in the company's ability to generate profits relative to its assets.
The average ROA over the eight quarters is approximately 11.47%, suggesting that Owens Corning has been able to efficiently utilize its assets to generate profits during this period. It is important to note that a higher ROA indicates that the company is more effective in generating profits from its assets.
Overall, Owens Corning's ROA performance demonstrates a consistent ability to generate favorable returns on its assets, indicating efficient management of its resources over the analyzed period.