Republic Services Inc (RSG)
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 | 2,780,100 | 2,656,300 | 2,592,800 | 2,475,200 | 2,391,700 | 2,316,200 | 2,216,100 | 2,144,400 | 2,076,200 | 2,007,200 | 1,890,900 | 1,768,400 | 1,709,100 | 1,735,600 | 1,755,500 | 1,797,500 | 1,787,200 | 1,811,300 | 1,783,800 | 1,754,600 |
| Total assets | US$ in thousands | 31,410,100 | 30,042,800 | 29,823,300 | 29,081,400 | 29,052,900 | 28,401,000 | 28,212,700 | 24,880,100 | 24,955,000 | 24,428,900 | 23,922,100 | 23,252,100 | 23,434,000 | 23,110,100 | 22,826,300 | 22,908,900 | 22,683,800 | 22,329,100 | 21,996,800 | 21,782,000 |
| Operating ROA | 8.85% | 8.84% | 8.69% | 8.51% | 8.23% | 8.16% | 7.85% | 8.62% | 8.32% | 8.22% | 7.90% | 7.61% | 7.29% | 7.51% | 7.69% | 7.85% | 7.88% | 8.11% | 8.11% | 8.06% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,780,100K ÷ $31,410,100K
= 8.85%
The operating return on assets (operating ROA) for Republic Services, Inc. has shown a generally increasing trend over the quarters in focus. In Q1 2022, the operating ROA was at 8.00%. It then slightly decreased in the following quarters but picked up an upward momentum in Q3 2022 at 7.48% and continued to rise in the subsequent quarters.
In the most recent quarter, Q4 2023, Republic Services, Inc. achieved an operating ROA of 8.66%, marking the highest point in the period under review. This indicates that the company generated $0.0866 in operating income for every dollar of assets it holds.
Overall, the trend in operating ROA suggests that Republic Services, Inc. has been effectively utilizing its assets to generate operating income, demonstrating efficiency in its operations and potentially effective management of its resources.
Peer comparison
Dec 31, 2023