Oshkosh Corporation (OSK)

Operating return on assets (Operating 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	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	Dec 31, 2018
Operating income (ttm)	US$ in thousands	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	795,800	761,200	742,000
Total assets	US$ in thousands	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	5,446,400	5,469,400	5,030,100
Operating ROA		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%	14.61%	13.92%	14.75%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $837,600K ÷ $9,129,200K
= 9.17%

The operating return on assets (operating ROA) of Oshkosh Corp has shown a generally increasing trend over the past eight quarters, indicating improving efficiency in generating operating profits relative to its assets. In Q4 2023, the operating ROA reached 9.17%, the highest level observed in the provided data. This signifies that for every dollar of assets held by the company, it generated a return of 9.17 cents from its operations in that quarter.

The company's performance in Q4 2023 was a notable improvement compared to the same period in the previous year, where the operating ROA was at 4.92%. This suggests that Oshkosh Corp has been able to enhance its operational efficiency and profitability over time.

Although the operating ROA experienced fluctuations in some quarters, overall, the trend indicates a positive direction for the company's asset utilization and operational effectiveness. It is essential for stakeholders to continue monitoring this ratio to assess Oshkosh Corp's ability to generate profits from its assets in a sustainable manner.