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

Company name
Symbol
ROA
Powell Industries Inc
POWL
16.14%
Littelfuse Inc
LFUS
6.49%