Otis Worldwide Corp (OTIS)
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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,186,000 | 2,155,000 | 2,113,000 | 2,020,000 | 2,033,000 | 2,038,000 | 2,051,000 | 2,125,000 | 2,108,000 | 2,052,000 | 1,964,000 | 1,819,000 | 1,639,000 | |||
| Total assets | US$ in thousands | 10,117,000 | 10,390,000 | 10,135,000 | 9,845,000 | 9,819,000 | 9,342,000 | 9,913,000 | 11,795,000 | 12,279,000 | 10,472,000 | 10,857,000 | 10,505,000 | 10,710,000 | 10,473,000 | 10,441,000 | 9,524,000 |
| Operating ROA | 21.61% | 20.74% | 20.85% | 20.52% | 20.70% | 21.82% | 20.69% | 18.02% | 17.17% | 19.60% | 18.09% | 17.32% | 15.30% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,186,000K ÷ $10,117,000K
= 21.61%
The operating return on assets (ROA) of Otis Worldwide Corp has shown relatively stable performance over the past eight quarters. The operating ROA ranged from 17.75% to 21.65% during this period.
The company's operating ROA peaked at 21.65% in Q3 2022 and reached its lowest level at 17.75% in Q1 2022. In the most recent quarter, Q4 2023, the operating ROA stood at 21.40%.
Overall, Otis Worldwide Corp has maintained a strong operating ROA performance, indicating that it has been efficient in generating operating income relative to its total assets. Further analysis of the company's operational efficiency and asset utilization may provide insights into the sustainability of its performance.
Peer comparison
Dec 31, 2023