Oshkosh Corporation (OSK)
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 | 1,062,300 | 1,053,800 | 1,044,100 | 966,500 | 837,600 | 769,200 | 620,000 | 454,500 | 353,000 | 224,000 | 220,900 | 355,300 | 466,800 | 544,700 | 567,900 | 482,700 | 475,500 | 488,700 | 564,400 | 703,600 |
| Total assets | US$ in thousands | 9,423,100 | 9,875,900 | 9,721,500 | 9,471,000 | 9,129,200 | 8,855,100 | 8,044,300 | 7,916,400 | 7,729,000 | 6,964,400 | 6,859,900 | 6,974,500 | 6,721,800 | 6,891,600 | 6,706,300 | 6,343,800 | 6,016,400 | 5,815,900 | 5,760,300 | 5,861,900 |
| Operating ROA | 11.27% | 10.67% | 10.74% | 10.20% | 9.17% | 8.69% | 7.71% | 5.74% | 4.57% | 3.22% | 3.22% | 5.09% | 6.94% | 7.90% | 8.47% | 7.61% | 7.90% | 8.40% | 9.80% | 12.00% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,062,300K ÷ $9,423,100K
= 11.27%
Operating return on assets (operating ROA) measures the efficiency with which Oshkosh Corporation is generating operating income relative to its total assets. Looking at the trend over the reported periods, we observe that the operating ROA has been fluctuating. The ratio stood at 12.00% on March 31, 2020, indicating that the company generated operating income equal to 12.00% of its total assets during that period.
Subsequently, the operating ROA experienced a gradual decline, reaching its lowest point of 3.22% on June 30, 2022. This decline could be a concern as it suggests a potential inefficiency in utilizing assets to generate operating income during that period. However, there was a slight increase in the ratio in the following quarters, indicating some improvement.
By December 31, 2024, the operating ROA had increased to 11.27%, which is higher than the initial periods but still below the levels seen in the earliest periods. This upward trend might indicate improved asset utilization and operational efficiency by Oshkosh Corporation in generating operating income in more recent periods.
Overall, the fluctuating trend of Oshkosh Corporation's operating ROA suggests varying levels of efficiency in generating operating income relative to the company's total assets over the reported periods. It would be important for the company to continuously monitor and improve this ratio to ensure optimal asset utilization and profitability in the future.
Peer comparison
Dec 31, 2024