Pentair PLC (PNR)
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 | 622,700 | 509,700 | 493,000 | 493,000 | 480,900 | 534,600 | 562,800 | 542,000 | 553,000 | 507,300 | 474,500 | 414,500 | 358,600 | 353,400 | 334,900 | 377,100 | 355,700 | 350,800 | 368,600 | 295,800 |
| 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 |
| ROA | 9.49% | 7.95% | 7.57% | 7.39% | 7.46% | 8.21% | 11.55% | 10.89% | 11.63% | 11.34% | 10.90% | 9.45% | 8.54% | 8.61% | 8.14% | 8.52% | 8.59% | 8.60% | 8.84% | 6.75% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $622,700K ÷ $6,563,300K
= 9.49%
Over the past eight quarters, Pentair plc's return on assets (ROA) has displayed fluctuations. The ROA has ranged from a low of 7.39% in Q1 2023 to a high of 11.55% in Q2 2022. Overall, the ROA has been relatively strong, with an average ROA of approximately 8.76% over the period analyzed.
The trend in ROA shows a peak in the middle of 2022, followed by a decline in the latter half of 2022 and the early part of 2023. However, there was a slight improvement in ROA in the most recent quarter, Q4 2023.
The variations in ROA could be attributed to changes in the company's profitability and efficiency in generating profits from its assets. It is essential for Pentair plc to continue monitoring its ROA to ensure efficient asset utilization and sustained profitability in the future.
Peer comparison
Dec 31, 2023