PACCAR Inc (PCAR)
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,600,800 | 4,104,800 | 3,645,700 | 3,145,000 | 3,011,600 | 2,609,000 | 2,220,100 | 1,995,200 | 1,865,500 | 1,752,600 | 1,757,600 | 1,409,800 | 1,298,400 | 1,423,900 | 1,646,300 | 2,118,300 | 2,387,900 | 2,434,700 | 2,372,100 | 2,312,000 |
| Total assets | US$ in thousands | 40,823,400 | 38,039,500 | 36,867,700 | 34,826,400 | 33,275,500 | 30,623,600 | 30,588,700 | 30,586,100 | 29,509,400 | 27,909,900 | 29,012,200 | 28,503,400 | 28,450,000 | 27,233,700 | 26,406,400 | 27,294,700 | 28,361,100 | 27,767,700 | 27,168,200 | 26,157,000 |
| ROA | 11.27% | 10.79% | 9.89% | 9.03% | 9.05% | 8.52% | 7.26% | 6.52% | 6.32% | 6.28% | 6.06% | 4.95% | 4.56% | 5.23% | 6.23% | 7.76% | 8.42% | 8.77% | 8.73% | 8.84% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,600,800K ÷ $40,823,400K
= 11.27%
To analyze Paccar Inc.'s return on assets (ROA) performance based on the given data, we can observe an increasing trend in ROA over the quarters, indicating an improvement in the company's ability to generate earnings from its assets.
In Q1 2022, the ROA was 6.48%, which steadily increased to 9.03% in Q1 2023, reflecting a positive trend in efficiency in asset utilization and profitability.
Furthermore, the ROA peaked at 11.27% in Q4 2023, indicating a significant enhancement in the company's ability to generate profits relative to its total assets. This could suggest effective management of assets and resources by the company during the period.
Overall, the increasing trend in ROA over the quarters suggests that Paccar Inc. has been successful in optimizing its asset utilization and generating improved returns for its shareholders. Investors and stakeholders may view this positive trend as a sign of the company's improving financial performance.
Peer comparison
Dec 31, 2023