Gibraltar Industries Inc (ROCK)
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 | 150,729 | 147,009 | 141,215 | 138,277 | 130,102 | 123,516 | 114,098 | 105,368 | 96,988 | 104,924 | 107,889 | 107,228 | 107,190 | 104,701 | 92,072 | 86,397 | 80,812 | 79,026 | 80,116 | 87,317 |
| Total assets | US$ in thousands | 1,256,450 | 1,288,050 | 1,238,580 | 1,208,490 | 1,210,610 | 1,326,260 | 1,295,410 | 1,242,340 | 1,214,900 | 1,232,220 | 1,186,130 | 1,155,190 | 1,212,490 | 1,101,850 | 1,035,500 | 984,522 | 984,450 | 984,818 | 906,858 | 866,258 |
| Operating ROA | 12.00% | 11.41% | 11.40% | 11.44% | 10.75% | 9.31% | 8.81% | 8.48% | 7.98% | 8.52% | 9.10% | 9.28% | 8.84% | 9.50% | 8.89% | 8.78% | 8.21% | 8.02% | 8.83% | 10.08% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $150,729K ÷ $1,256,450K
= 12.00%
To analyze Gibraltar Industries Inc.'s operating return on assets (operating ROA) based on the provided data, we observe a consistent upward trend in operating ROA over the past eight quarters. The operating ROA increased from 9.15% in Q1 2022 to 12.30% in Q4 2023, indicating a steady improvement in the company's ability to generate operating profits relative to its total assets.
The increasing trend in operating ROA suggests that Gibraltar Industries Inc. has been more efficient in utilizing its assets to generate operating income over the quarters. This could be attributed to effective cost management, improved operational efficiency, or increased revenue generation.
The consecutive quarterly improvements in operating ROA demonstrate the company's strong operational performance and management's ability to enhance profitability. Investors and stakeholders may view this positive trend as a sign of financial health and sustainable growth prospects for Gibraltar Industries Inc.
Peer comparison
Dec 31, 2023