Otis Worldwide Corp (OTIS)

Return on assets (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
Net income (ttm)	US$ in thousands	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	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
ROA		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, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,406,000K ÷ $10,117,000K
= 13.90%

The Return on Assets (ROA) of Otis Worldwide Corp has shown a consistent positive trend over the past eight quarters. The ROA has generally increased from 10.59% in Q1 2022 to 13.90% in Q4 2023, indicating that the company is effectively generating profits relative to its total assets. This upward trend signals that Otis Worldwide Corp's management has been efficient in utilizing its assets to generate earnings. Overall, the improving ROA suggests that the company's profitability and asset management have been on a positive trajectory over the analyzed period.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

Otis Worldwide Corp

OTIS

13.90%

Emerson Electric Company