Oshkosh Corporation (OSK)

Return on assets (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
Net income (ttm) US$ in thousands 679,100 682,500 688,900 598,000 522,300 397,900 249,800 159,200 173,800 328,400 401,100 472,700 483,000 349,300 318,300 324,500 374,500 486,200 546,100 579,400
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
ROA 6.88% 7.02% 7.27% 6.55% 5.90% 4.95% 3.16% 2.06% 2.50% 4.79% 5.75% 6.72% 7.20% 5.51% 5.29% 5.58% 6.50% 8.29% 9.83% 10.41%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $679,100K ÷ $9,875,900K
= 6.88%

The Return on Assets (ROA) ratio for Oshkosh Corporation has fluctuated over the past few quarters. In the most recent quarter of September 2024, the ROA was 6.88%, which indicates that the company generated a profit of approximately 6.88 cents for every dollar of assets it possesses. This figure shows a slight decrease compared to the previous quarter but remains relatively steady.

Looking back over the past few years, the trend in ROA demonstrates some variability. The ROA reached its highest point at 10.41% in December 2019, reflecting strong profitability relative to its assets at that time. However, there have been fluctuations since then, indicating potential fluctuations in the efficiency of asset utilization and overall profitability of the company.

Overall, a higher ROA signifies better efficiency in generating profits from assets, while a lower ROA may signal inefficiencies or operational challenges. Oshkosh Corporation's ROA performance over the past quarters suggests a generally positive trend in utilizing its assets effectively to generate returns, with some variability over time. Further analysis and comparison with industry benchmarks could provide deeper insights into the company's operational and financial performance.