Republic Services Inc (RSG)
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 | 1,731,050 | 1,638,219 | 1,574,974 | 1,519,474 | 1,487,574 | 1,453,929 | 1,387,305 | 1,346,470 | 1,290,370 | 1,212,765 | 1,122,465 | 1,016,900 | 967,300 | 1,021,100 | 1,059,400 | 1,085,400 | 1,073,300 | 1,085,000 | 1,050,100 | 1,033,500 |
| 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 |
| ROA | 5.51% | 5.45% | 5.28% | 5.22% | 5.12% | 5.12% | 4.92% | 5.41% | 5.17% | 4.96% | 4.69% | 4.37% | 4.13% | 4.42% | 4.64% | 4.74% | 4.73% | 4.86% | 4.77% | 4.74% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,731,050K ÷ $31,410,100K
= 5.51%
To analyze Republic Services, Inc.'s return on assets (ROA) performance, we observe a consistent trend of ROA fluctuations over the past eight quarters. The ROA figures have ranged between 4.92% to 5.51% during this period.
The company's ROA has shown a gradual increase from Q1 2022 to Q4 2023, with minor fluctuations in between. This indicates an improvement in the company's ability to generate profits relative to its total assets.
Additionally, Republic Services, Inc.'s ROA has been consistently above 5% for the past five quarters, suggesting efficient utilization of its assets to generate earnings. This level of ROA indicates that the company is effectively managing its assets to generate profit.
Overall, Republic Services, Inc. has demonstrated a stable and relatively strong ROA performance over the past eight quarters, reflecting efficient asset utilization and profitability.
Peer comparison
Dec 31, 2023