Otis Worldwide Corp (OTIS)
Return on assets (ROA)
| Dec 31, 2024 | 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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,645,000 | 1,631,000 | 1,467,000 | 1,428,000 | 1,406,000 | 1,380,000 | 1,328,000 | 1,273,000 | 1,253,000 | 1,237,000 | 1,244,000 | 1,249,000 | 1,246,000 | 1,216,000 | 1,151,000 | 1,049,000 | 906,000 |
| Total assets | US$ in thousands | 11,316,000 | 10,261,000 | 9,858,000 | 9,791,000 | 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 |
| ROA | 14.54% | 15.90% | 14.88% | 14.58% | 13.90% | 13.28% | 13.10% | 12.93% | 12.76% | 13.24% | 12.55% | 10.59% | 10.15% | 11.61% | 10.60% | 9.99% | 8.46% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,645,000K ÷ $11,316,000K
= 14.54%
Otis Worldwide Corp's return on assets (ROA) has shown a positive trend over the analyzed period from December 31, 2020, to December 31, 2024. The ROA has consistently increased from 8.46% in December 2020 to 14.54% in December 2024, peaking at 15.90% in September 2024.
This improvement in ROA indicates that Otis Worldwide Corp has been more efficient in generating profits relative to its total assets over time. A rising ROA suggests that the company is utilizing its assets effectively to generate earnings, which could be attributed to factors such as improved operational efficiency, effective cost management, or strategic investments.
Overall, the increasing trend in ROA for Otis Worldwide Corp reflects positively on the company's financial performance and operational efficiency over the analyzed period, indicating the effective utilization of its assets to generate returns for shareholders.
Peer comparison
Dec 31, 2024