Pentair PLC (PNR)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 739,200 | 683,800 | 650,800 | 633,100 | 595,300 | 634,400 | 654,600 | 625,600 | 636,900 | 607,700 | 568,500 | 517,800 | 461,400 | 462,200 | 442,900 | 465,600 | 432,500 | 423,200 | 422,800 | 411,600 |
| Total assets | US$ in thousands | 6,563,300 | 6,411,000 | 6,508,300 | 6,671,200 | 6,447,500 | 6,508,600 | 4,872,200 | 4,975,900 | 4,753,600 | 4,472,800 | 4,354,700 | 4,384,100 | 4,197,200 | 4,103,500 | 4,116,100 | 4,426,700 | 4,139,500 | 4,080,400 | 4,170,000 | 4,382,200 |
| Operating ROA | 11.26% | 10.67% | 10.00% | 9.49% | 9.23% | 9.75% | 13.44% | 12.57% | 13.40% | 13.59% | 13.05% | 11.81% | 10.99% | 11.26% | 10.76% | 10.52% | 10.45% | 10.37% | 10.14% | 9.39% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $739,200K ÷ $6,563,300K
= 11.26%
Operating Return on Assets (Operating ROA) is a key financial ratio that indicates how efficiently a company is generating profits from its assets used in operations. Pentair plc's Operating ROA has exhibited a fluctuating trend over the past eight quarters, with values ranging from 9.23% to 13.44%.
In the most recent quarter (Q4 2023), Pentair plc's Operating ROA stood at 11.26%, showing an increase compared to the previous quarter. This indicates that the company generated $11.26 in operating income for every $100 of assets employed in its operations during the period.
While the Operating ROA in Q4 2023 reflects a positive performance, it is essential to consider the broader trend. Looking back to Q1 2022, Pentair plc experienced a peak in Operating ROA at 13.44%, followed by a subsequent decline in the next quarters. It is worth noting that Operating ROA is impacted by various factors such as operational efficiency, asset management, and revenue generation.
Overall, Pentair plc's Operating ROA has demonstrated variability over the past eight quarters, suggesting fluctuations in the company's operational efficiency and asset utilization. Further analysis and monitoring of this ratio can provide insights into the company's financial performance and efficiency in generating returns from its operational assets.
Peer comparison
Dec 31, 2023