Polaris Industries Inc (PII)
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 | 502,800 | 594,900 | 629,500 | 490,600 | 447,100 | 338,400 | 266,700 | 429,700 | 493,900 | 605,900 | 658,100 | 264,300 | 124,800 | 24,931 | -53,469 | 270,131 | 323,931 | 316,474 | 323,603 | 327,943 |
| Total assets | US$ in thousands | 5,516,300 | 5,733,000 | 5,469,600 | 5,289,900 | 5,217,900 | 5,093,400 | 5,238,900 | 5,128,900 | 5,047,800 | 4,870,300 | 4,525,200 | 4,513,700 | 4,632,700 | 4,783,600 | 4,312,700 | 4,763,900 | 4,430,500 | 4,527,420 | 4,364,210 | 4,408,720 |
| ROA | 9.11% | 10.38% | 11.51% | 9.27% | 8.57% | 6.64% | 5.09% | 8.38% | 9.78% | 12.44% | 14.54% | 5.86% | 2.69% | 0.52% | -1.24% | 5.67% | 7.31% | 6.99% | 7.41% | 7.44% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $502,800K ÷ $5,516,300K
= 9.11%
The Return on Assets (ROA) for Polaris Inc has shown variability over the past eight quarters. The ROA has fluctuated between 5.09% and 11.51% during this period. In the recent quarters, the ROA has been improving, with Q2 2023 and Q3 2023 showing the highest ROA figures of 11.51% and 10.38% respectively. This suggests that the company is becoming more efficient in generating profits relative to its total assets in those quarters. Conversely, Q2 2022 and Q3 2022 had lower ROA figures of 5.09% and 6.64% respectively, indicating lower profitability relative to the assets held during that period. Overall, the trend in ROA indicates that Polaris Inc has been working towards optimizing its asset utilization and profitability over the analyzed quarters.