Powell Industries Inc (POWL)
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 | 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 | 9,890 | 4,891 | 103 |
| 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 |
| ROA | 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% | 2.12% | 1.12% | 0.02% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $77,448K ÷ $807,949K
= 9.59%
Based on the provided data, Powell Industries, Inc.'s return on assets (ROA) has shown consistent improvement over the past eight quarters. The ROA increased from -0.65% in March 2022 to 9.59% in December 2023, indicating an upward trend in the company's ability to generate profits relative to its total assets. This improvement suggests that Powell Industries has been effectively utilizing its assets to generate earnings. Overall, the steadily increasing ROA reflects positively on the company's operational efficiency and management of assets.
Peer comparison
Dec 31, 2023