Oshkosh Corporation (OSK)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 598,000 | 173,900 | 472,700 | 324,500 | 579,400 |
| Total assets | US$ in thousands | 9,129,200 | 7,729,000 | 7,035,700 | 5,815,900 | 5,566,300 |
| ROA | 6.55% | 2.25% | 6.72% | 5.58% | 10.41% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $598,000K ÷ $9,129,200K
= 6.55%
The return on assets (ROA) for Oshkosh Corp has fluctuated over the past five years. ROA stood at 6.55% as of December 31, 2023, showing a significant improvement from the previous year's 2.25%. In comparison to the 6.86% ROA in September 2021, the current ROA indicates a slight decline. Notably, the ROA was 5.58% as of September 30, 2020, and 10.41% as of September 30, 2019.
Overall, the trend in ROA for Oshkosh Corp reflects variability in the company's ability to generate profit from its assets over the years, with the recent performance showing an improvement from the previous year but not yet reaching the levels seen in 2019. It is important for stakeholders to monitor ROA consistently to assess the efficiency of Oshkosh Corp's asset utilization and profitability.
Peer comparison
Dec 31, 2023