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.
Peer comparison
Sep 30, 2024