Quanta Services Inc (PWR)
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 | 1,127,976 | 1,064,857 | 951,319 | 880,402 | 872,058 | 752,727 | 714,013 | 667,308 | 663,521 | 698,960 | 693,098 | 644,363 | 611,371 | 583,281 | 550,460 | 516,124 | 554,874 | 556,909 | 540,076 | 584,535 |
| Total assets | US$ in thousands | 16,237,200 | 15,188,400 | 14,740,800 | 14,039,100 | 13,464,300 | 13,296,600 | 13,049,600 | 13,015,100 | 12,855,200 | 10,675,700 | 8,720,600 | 8,557,410 | 8,398,270 | 8,325,490 | 8,089,630 | 8,228,940 | 8,331,680 | 8,865,090 | 8,021,820 | 7,652,520 |
| Operating ROA | 6.95% | 7.01% | 6.45% | 6.27% | 6.48% | 5.66% | 5.47% | 5.13% | 5.16% | 6.55% | 7.95% | 7.53% | 7.28% | 7.01% | 6.80% | 6.27% | 6.66% | 6.28% | 6.73% | 7.64% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,127,976K ÷ $16,237,200K
= 6.95%
Quanta Services, Inc.'s operating return on assets (operating ROA) has shown a positive trend over the past eight quarters. The operating ROA has been consistently increasing from 4.85% in Q1 2022 to 6.73% in Q4 2023. This indicates that the company has been more efficient in generating profits from its assets over time.
The improvement in operating ROA signifies that Quanta Services, Inc. has been effectively utilizing its assets to generate operating income. It suggests that the company's operational efficiency and profitability have been on an upward trajectory, which is a positive indicator of its financial performance.
Overall, the increasing trend in operating ROA reflects Quanta Services, Inc.'s ability to generate higher returns from its assets, demonstrating improved operational efficiency and effectiveness in managing its resources for profitability. This trend may indicate the company's successful business strategies and prudent asset management practices.
Peer comparison
Dec 31, 2023