O’Reilly Automotive Inc (ORLY)

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	2,346,581	2,322,649	2,258,260	2,207,655	2,172,650	2,163,051	2,136,265	2,144,956	2,164,685	2,038,657	2,007,257	1,953,473	1,752,302	1,684,273	1,548,314	1,370,328	1,391,042	1,366,483	1,341,341	1,340,733
Total assets	US$ in thousands	13,873,000	13,551,800	13,276,600	12,972,800	12,628,000	12,238,000	12,067,700	11,760,400	11,718,700	11,789,400	11,949,300	11,850,900	11,596,600	12,504,000	11,728,500	11,108,900	10,717,200	10,372,700	10,201,900	10,061,600
ROA		16.91%	17.14%	17.01%	17.02%	17.21%	17.67%	17.70%	18.24%	18.47%	17.29%	16.80%	16.48%	15.11%	13.47%	13.20%	12.34%	12.98%	13.17%	13.15%	13.33%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,346,581K ÷ $13,873,000K
= 16.91%

The return on assets (ROA) of O`Reilly Automotive, Inc. has been relatively stable over the past eight quarters, ranging from 16.91% to 18.24%. The ROA indicates the company's ability to generate profits from its assets, with higher percentages reflecting greater efficiency in asset utilization. O`Reilly Automotive's ROA has demonstrated consistency and solid performance, hovering around the mid to high 17% range. This suggests that the company has been effectively utilizing its assets to generate earnings for shareholders. Further analysis of the company's financial performance and asset management strategies could provide insights into the factors influencing this stable ROA trend.