Rockwell Automation Inc (ROK)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 952,500 | 1,016,300 | 1,184,500 | 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 |
| Total assets | US$ in thousands | 11,232,100 | 11,188,600 | 11,367,300 | 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 |
| ROA | 8.48% | 9.08% | 10.42% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $952,500K ÷ $11,232,100K
= 8.48%
The return on assets (ROA) of Rockwell Automation Inc has fluctuated over the monitoring period. The ROA ranged from a low of 6.02% in June 2022 to a high of 19.10% in March 2021. Overall, the ROA has exhibited some volatility, with peaks and troughs in different quarters.
The highest ROA was recorded in the first quarter of fiscal year 2021, indicating efficient asset utilization to generate profits. However, there was a sharp decline in the ROA in the second quarter of fiscal year 2022, with a reading of 6.02%, which may suggest a temporary dip in profitability relative to the assets employed.
It is also noteworthy that the ROA has generally been above 10% in recent quarters, which is a positive sign for the company's ability to generate profits from its assets. However, the declining trend from the peak in March 2021 to the latest reported ROA of 8.48% in September 2024 should be closely monitored for potential implications on the company's operational efficiency and profitability.
Peer comparison
Sep 30, 2024