Powell Industries Inc (POWL)
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 | 87,310 | 62,520 | 43,078 | 22,375 | 12,604 | 7,224 | 726 | -1,482 | -2,952 | 1,018 | 1,137 | 5,280 | 15,732 | 19,071 | 22,771 | 25,627 | 17,515 | 11,461 | 6,855 | 1,740 |
| Total assets | US$ in thousands | 807,949 | 752,242 | 671,098 | 587,096 | 513,672 | 493,380 | 451,804 | 439,705 | 423,800 | 436,192 | 421,961 | 440,748 | 448,310 | 472,278 | 487,198 | 446,597 | 466,451 | 467,411 | 437,106 | 413,604 |
| Operating ROA | 10.81% | 8.31% | 6.42% | 3.81% | 2.45% | 1.46% | 0.16% | -0.34% | -0.70% | 0.23% | 0.27% | 1.20% | 3.51% | 4.04% | 4.67% | 5.74% | 3.75% | 2.45% | 1.57% | 0.42% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $87,310K ÷ $807,949K
= 10.81%
The operating return on assets (operating ROA) of Powell Industries, Inc. has shown a consistent improvement over the past eight quarters. The operating ROA increased from -0.34% in March 2022 to 10.81% in December 2023. This demonstrates a positive trend in the company's ability to generate operating income relative to its total assets.
The increasing trend indicates that Powell Industries has been able to utilize its assets more efficiently to generate operating profits. This improvement suggests that the company's operational performance has strengthened over the period under consideration. Investors and stakeholders may view this as a positive indicator of the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2023