Gibraltar Industries Inc (ROCK)
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 | 110,533 | 94,447 | 89,465 | 88,049 | 82,406 | 88,420 | 81,681 | 78,323 | 75,629 | 57,722 | 63,926 | 65,269 | 64,566 | 87,468 | 78,184 | 70,805 | 65,091 | 63,851 | 58,878 | 61,802 |
| 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 |
| ROA | 8.80% | 7.33% | 7.22% | 7.29% | 6.81% | 6.67% | 6.31% | 6.30% | 6.23% | 4.68% | 5.39% | 5.65% | 5.33% | 7.94% | 7.55% | 7.19% | 6.61% | 6.48% | 6.49% | 7.13% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $110,533K ÷ $1,256,450K
= 8.80%
The Return on Assets (ROA) of Gibraltar Industries Inc. has been showing a positive trend over the past eight quarters, with the ROA figures ranging from 6.30% to 8.80%. This indicates that the company is effectively generating profits relative to the total assets it owns.
In Q4 2023, the ROA reached its highest point at 8.80%, which suggests that the company was able to utilize its assets efficiently to generate earnings. This improvement from the previous quarter's ROA of 7.33% indicates a positive performance.
Overall, the consistent upward trend in ROA reflects positively on Gibraltar Industries Inc.'s ability to effectively manage its assets and generate profits. It suggests that the company is making efficient use of its resources to generate earnings for its investors.
Peer comparison
Dec 31, 2023