Quanta Services Inc (PWR)
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 | 744,689 | 696,353 | 579,473 | 501,594 | 491,189 | 433,414 | 451,823 | 480,836 | 485,956 | 551,210 | 539,758 | 496,671 | 445,596 | 393,689 | 366,844 | 320,242 | 402,044 | 340,716 | 329,199 | 376,261 |
| 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 |
| ROA | 4.59% | 4.58% | 3.93% | 3.57% | 3.65% | 3.26% | 3.46% | 3.69% | 3.78% | 5.16% | 6.19% | 5.80% | 5.31% | 4.73% | 4.53% | 3.89% | 4.83% | 3.84% | 4.10% | 4.92% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $744,689K ÷ $16,237,200K
= 4.59%
Quanta Services, Inc.'s return on assets (ROA) performance has shown relative stability over the past eight quarters. The company's ROA ranged from 3.26% to 4.59% during this period, displaying consistent profitability in utilizing its assets to generate earnings. The average ROA across these quarters is approximately 3.86%.
The increasing trend observed in the most recent quarters indicates an improvement in the company's efficiency in generating profits from its total assets. This positive trend suggests that Quanta Services has been effectively utilizing its assets to drive earnings growth, which is a positive indicator for investors and stakeholders.
Overall, Quanta Services, Inc.'s ROA demonstrates that the company has been maintaining a healthy level of profitability relative to its asset base, reflecting strong asset management and operational efficiency. This consistent performance in ROA signifies that the company has been successful in generating returns for its investors through effective asset utilization.
Peer comparison
Dec 31, 2023