Rockwell Automation Inc (ROK)
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 | 870,600 | 943,300 | 1,122,800 | 1,069,200 | 943,500 | 902,300 | 767,600 | 734,700 | 775,200 | 828,900 | 1,640,700 | 1,497,200 | 1,497,900 | 1,458,100 | 1,541,700 | 1,726,300 | 1,702,700 | 1,760,100 | 1,769,800 | 1,740,700 |
| Total assets | US$ in thousands | 11,333,300 | 11,304,000 | 11,743,300 | 11,469,100 | 11,149,800 | 10,758,700 | 10,799,900 | 10,715,500 | 10,743,300 | 10,701,600 | 8,573,100 | 8,317,700 | 8,171,000 | 7,264,700 | 7,329,500 | 6,665,900 | 7,107,900 | 6,113,000 | 6,158,800 | 6,254,200 |
| Operating ROA | 7.68% | 8.34% | 9.56% | 9.32% | 8.46% | 8.39% | 7.11% | 6.86% | 7.22% | 7.75% | 19.14% | 18.00% | 18.33% | 20.07% | 21.03% | 25.90% | 23.96% | 28.79% | 28.74% | 27.83% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $870,600K ÷ $11,333,300K
= 7.68%
To analyze Rockwell Automation Inc's operating return on assets (operating ROA), we can look at the trend in the operating ROA over the past eight quarters. Operating ROA is calculated by dividing operating income by total assets.
Over the past two years, Rockwell Automation Inc's operating ROA has shown an increasing trend, indicating that the company has been generating more operating income relative to its total assets. The operating ROA increased from 10.61% in March 2022 to 14.38% in December 2023.
This improvement suggests that the company has been more efficient in generating operating income from its assets or has effectively managed its assets to enhance profitability. It is important to note that a rising operating ROA generally indicates improved operating performance and can be a positive signal for investors and stakeholders.
Overall, the trend of increasing operating ROA reflects favorably on Rockwell Automation Inc's operational efficiency and asset management over the analyzed period.
Peer comparison
Dec 31, 2023