Powell Industries Inc (POWL)
Return on assets (ROA)
Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 149,848 | 130,232 | 102,463 | 77,448 | 54,525 | 36,828 | 27,435 | 17,745 | 13,737 | 8,259 | -2,843 | -1,851 | 631 | 353 | 5,875 | 13,521 | 16,660 | 20,215 | 21,823 | 15,360 |
Total assets | US$ in thousands | 928,180 | 868,983 | 849,618 | 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 |
ROA | 16.14% | 14.99% | 12.06% | 9.59% | 7.25% | 5.49% | 4.67% | 3.45% | 2.78% | 1.83% | -0.65% | -0.44% | 0.14% | 0.08% | 1.33% | 3.02% | 3.53% | 4.15% | 4.89% | 3.29% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $149,848K ÷ $928,180K
= 16.14%
Powell Industries Inc's return on assets (ROA) has shown a positive trend over the past few quarters, indicating an improvement in the company's asset utilization and profitability. The ROA has increased from negative figures in the first two quarters of 2022 to a high of 16.14% in September 2024. This suggests that the company has been able to generate more profits relative to its total assets in recent quarters.
The upward trend in ROA signals that Powell Industries Inc's management is effectively utilizing its assets to generate earnings. A higher ROA indicates better efficiency in utilizing its resources to generate profits for shareholders. Overall, the increasing trend in ROA reflects positively on the company's operational performance and financial health.
Peer comparison
Sep 30, 2024