Patrick Industries Inc (PATK)

Operating return on assets (Operating 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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	263,040	280,764	277,422	268,308	260,200	270,511	292,197	390,649	496,170	523,235	523,747	444,986	351,712	319,179	285,735	202,575	173,373	147,191	124,772	157,895
Total assets	US$ in thousands	3,020,950	3,122,950	3,003,870	3,032,880	2,674,230	2,655,940	2,707,030	2,816,830	2,782,470	2,896,650	3,024,830	2,971,380	2,650,730	2,358,460	2,224,710	1,834,880	1,753,440	1,574,940	1,492,800	1,522,160
Operating ROA		8.71%	8.99%	9.24%	8.85%	9.73%	10.19%	10.79%	13.87%	17.83%	18.06%	17.31%	14.98%	13.27%	13.53%	12.84%	11.04%	9.89%	9.35%	8.36%	10.37%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $263,040K ÷ $3,020,950K
= 8.71%

The operating return on assets (ROA) of Patrick Industries Inc has shown fluctuating performance over the periods analyzed. From March 31, 2020, to June 30, 2022, the operating ROA steadily increased from 10.37% to 17.31%. This upward trend suggests that the company was effectively generating operating income relative to its total assets during this period.

However, starting from September 30, 2022, the operating ROA began to decline, reaching 8.71% by December 31, 2024. This downward trend indicates a decreasing ability of the company to generate operating profits from its assets during this latter period.

Overall, the fluctuations in operating ROA indicate changes in the company's operational efficiency and profitability over time. Further analysis of the company's operational and financial strategies may be necessary to better understand the reasons behind these fluctuations and to determine potential areas for improvement.