Rockwell Automation Inc (ROK)
Operating return on assets (Operating ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 884,500 | 775,200 | 797,600 | 693,700 | 956,700 |
| Total assets | US$ in thousands | 11,304,000 | 10,758,700 | 10,701,600 | 7,264,700 | 6,113,000 |
| Operating ROA | 7.82% | 7.21% | 7.45% | 9.55% | 15.65% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $884,500K ÷ $11,304,000K
= 7.82%
Operating return on assets (operating ROA) measures a company's ability to generate operating profits from its assets. Rockwell Automation Inc's operating ROA has exhibited fluctuations over the past five years. In the fiscal year ending September 30, 2023, the operating ROA stood at 14.98%, representing an increase from the previous year's 12.41%. This indicates an improvement in the company's ability to generate operating profits relative to its asset base.
Comparing this with previous years, the operating ROA was 11.38% in 2021, 15.35% in 2020, and 22.27% in 2019. The decrease in 2021 followed by the subsequent increase in 2023 suggests that the company may have experienced challenges in efficiently utilizing its assets in 2021 but was able to address these issues in the following year.
Overall, Rockwell Automation Inc's operating ROA has shown variability in the recent years, indicating fluctuations in its operational efficiency and asset utilization. It may be important for stakeholders to analyze the underlying factors contributing to these fluctuations to assess the company's operational performance and efficiency in asset usage.
Peer comparison
Sep 30, 2023