Raytheon Technologies Corp (RTX)
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 | 3,491,000 | 3,115,000 | 6,031,000 | 5,926,000 | 5,354,000 | 5,273,000 | 5,096,000 | 5,025,000 | 4,958,000 | 3,780,000 | 2,871,000 | -2,171,000 | -1,889,000 | -1,075,000 | -79,000 | 5,067,000 | 4,914,000 | 193,000 | 601,000 | 2,091,000 |
| Total assets | US$ in thousands | 161,869,000 | 162,443,000 | 162,161,000 | 161,636,000 | 158,864,000 | 158,225,000 | 159,017,000 | 159,366,000 | 161,404,000 | 158,772,000 | 158,838,000 | 160,608,000 | 162,153,000 | 162,399,000 | 161,517,000 | 139,572,000 | 139,615,000 | 139,009,000 | 138,990,000 | 137,380,000 |
| Operating ROA | 2.16% | 1.92% | 3.72% | 3.67% | 3.37% | 3.33% | 3.20% | 3.15% | 3.07% | 2.38% | 1.81% | -1.35% | -1.16% | -0.66% | -0.05% | 3.63% | 3.52% | 0.14% | 0.43% | 1.52% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,491,000K ÷ $161,869,000K
= 2.16%
Operating ROA, a key profitability metric, reflects how efficiently a company generates operating income from its assets. RTX Corp's operating ROA has fluctuated over the past eight quarters, ranging from 1.89% to 3.64%.
In Q4 2023, RTX Corp's operating ROA was 2.15%, a slight increase from the previous quarter. While this indicates a modest improvement in profitability, it is below the levels seen in Q2 and Q1 2023 when the operating ROA was notably higher at 3.64% and 3.59% respectively.
Comparing the latest result to the same quarter of the prior year, there has been a slight decline from the Q4 2022 operating ROA of 3.33%. This suggests that RTX Corp may be facing challenges in maintaining the same level of profitability seen in the previous year.
Overall, the trend in RTX Corp's operating ROA indicates some variability in profitability performance, with potential areas for improvement in optimizing asset utilization to enhance operating income generation.
Peer comparison
Dec 31, 2023