Oshkosh Corporation (OSK)

Operating return on assets (Operating ROA)

		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	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
Operating income (ttm)	US$ in thousands	1,002,200	992,500	966,500	837,600	769,200	629,900	471,300	372,300	359,700	455,800	524,800	592,100	585,100	490,400	478,700	488,700	564,400	703,600	745,600	797,000
Total assets	US$ in thousands	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	7,035,700	6,706,300	6,343,800	6,016,400	5,815,900	5,760,300	5,861,900	5,556,200	5,566,300
Operating ROA		10.15%	10.21%	10.20%	9.17%	8.69%	7.83%	5.95%	4.82%	5.16%	6.64%	7.52%	8.42%	8.72%	7.73%	7.96%	8.40%	9.80%	12.00%	13.42%	14.32%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,002,200K ÷ $9,875,900K
= 10.15%

Operating return on assets (operating ROA) measures the efficiency of Oshkosh Corporation in generating operating income from its assets. A higher operating ROA indicates that the company is able to generate more operating income per dollar of assets employed.

Analyzing Oshkosh Corporation's operating ROA data from the provided table shows a fluctuating trend over the past few quarters. The operating ROA ranged from 5.95% to 14.32% over the last 8 quarters, with the most recent figure standing at 10.15%.

The increasing trend from 5.95% in March 2023 to the peak of 14.32% in September 2019 indicates an improvement in the company's efficiency in generating operating income from its assets during that period. However, there was a slight decrease in the operating ROA in the most recent quarter compared to the preceding quarters.

Overall, Oshkosh Corporation's operating ROA has shown variability over the analyzed quarters, with some fluctuations in performance. It is important for the company to consistently monitor and improve its operating ROA to ensure efficient utilization of assets and sustainable profitability.