Resideo Technologies Inc (REZI)
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 | 547,000 | 498,000 | 544,000 | 577,000 | 611,000 | 654,000 | 666,000 | 601,000 | 559,000 | 570,000 | 534,000 | 407,000 | 311,000 | 231,000 | 159,000 | 207,000 | 258,000 | 291,000 | 360,000 | |
| Total assets | US$ in thousands | 6,645,000 | 6,459,000 | 6,536,000 | 6,399,000 | 6,387,000 | 6,262,000 | 6,316,000 | 6,245,000 | 5,853,000 | 5,834,000 | 5,712,000 | 5,576,000 | 5,610,000 | 5,269,000 | 5,166,000 | 5,287,000 | 5,128,000 | 5,133,000 | 5,160,000 | 5,144,000 |
| Operating ROA | 8.23% | 7.71% | 8.32% | 9.02% | 9.57% | 10.44% | 10.54% | 9.62% | 9.55% | 9.77% | 9.35% | 7.30% | 5.54% | 4.38% | 3.08% | 3.92% | 5.03% | 5.67% | 6.98% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $547,000K ÷ $6,645,000K
= 8.23%
Resideo Technologies Inc's operating return on assets (ROA) has shown a decreasing trend over the past eight quarters. The operating ROA decreased from 10.11% in Q4 2022 to 8.86% in Q4 2023. This downward trend indicates a potential decline in the company's ability to generate profits from its assets through its core operations. Despite some fluctuations in the middle quarters of 2022, the overall trend suggests that Resideo Technologies Inc may be facing challenges in efficiently utilizing its assets to generate operating income. Further analysis of the company's operational efficiency and asset management practices may be warranted to address these declining operating ROA figures.