Pool Corporation (POOL)
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 | 746,567 | 774,517 | 843,951 | 935,830 | 1,025,782 | 1,046,379 | 1,019,778 | 939,476 | 832,784 | 779,243 | 690,200 | 557,471 | 464,028 | 415,476 | 371,783 | 338,449 | 341,247 | 341,418 | 329,215 | 318,734 |
| Total assets | US$ in thousands | 3,428,070 | 3,430,730 | 3,680,580 | 3,862,830 | 3,565,440 | 3,688,060 | 3,962,100 | 3,882,140 | 3,230,130 | 2,282,230 | 2,214,040 | 2,141,690 | 1,739,670 | 1,587,590 | 1,654,800 | 1,747,780 | 1,483,270 | 1,481,410 | 1,690,580 | 1,678,350 |
| Operating ROA | 21.78% | 22.58% | 22.93% | 24.23% | 28.77% | 28.37% | 25.74% | 24.20% | 25.78% | 34.14% | 31.17% | 26.03% | 26.67% | 26.17% | 22.47% | 19.36% | 23.01% | 23.05% | 19.47% | 18.99% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $746,567K ÷ $3,428,070K
= 21.78%
Pool Corporation's operating return on assets (operating ROA) has shown a generally positive trend over the past eight quarters. The company's operating ROA ranged from 21.78% to 24.24% in the most recent quarters, indicating a relatively stable and healthy performance in utilizing its assets to generate operating income.
Comparing the latest operating ROA data to previous quarters, there is a slight decrease from the peak of 28.79% in Q4 2022. However, with operating ROA consistently above 20% in the recent quarters, Pool Corporation continues to demonstrate effective asset management and operational efficiency.
It is important to note that operating ROA measures the efficiency of a company in generating operating income from its assets, excluding non-operating factors. Pool Corporation's ability to maintain a high operating ROA suggests effective management of operational assets to drive profitability.