Rockwell Automation Inc (ROK)
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 | 1,218,600 | 1,387,400 | 1,423,400 | 1,321,100 | 1,074,700 | 932,200 | 671,800 | 645,200 | 1,006,300 | 1,358,100 | 1,542,300 | 1,588,800 | 1,306,000 | 1,023,400 | 768,800 | 712,400 | 926,200 | 695,800 | 1,033,600 | 970,800 |
| 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 |
| ROA | 10.75% | 12.27% | 12.12% | 11.52% | 9.64% | 8.66% | 6.22% | 6.02% | 9.37% | 12.69% | 17.99% | 19.10% | 15.98% | 14.09% | 10.49% | 10.69% | 13.03% | 11.38% | 16.78% | 15.52% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,218,600K ÷ $11,333,300K
= 10.75%
The return on assets (ROA) for Rockwell Automation Inc has shown a positive trend over the past eight quarters. In the most recent quarter (ending December 31, 2023), the ROA stood at 10.70%, which represents a solid performance. This indicates that the company generated 10.70 cents of profit for every dollar of assets.
Furthermore, the ROA has steadily increased from 9.61% in December 2022 to 10.70% in December 2023, demonstrating improved efficiency in the utilization of assets to generate earnings. This upward trend suggests that the company is managing its assets more effectively to generate higher profits.
Overall, the trend in ROA for Rockwell Automation Inc reflects a positive performance in terms of asset utilization and profitability, indicating that the company is effectively generating returns from its assets.
Peer comparison
Dec 31, 2023