Raytheon Technologies Corp (RTX)

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 3,195,000 3,191,000 5,562,000 5,539,000 5,197,000 4,461,000 4,467,000 4,195,000 3,864,000 3,313,000 2,184,000 -2,683,000 -3,519,000 -2,511,000 -1,627,000 4,108,000 5,537,000 5,080,000 5,170,000 5,318,000
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
ROA 1.97% 1.96% 3.43% 3.43% 3.27% 2.82% 2.81% 2.63% 2.39% 2.09% 1.37% -1.67% -2.17% -1.55% -1.01% 2.94% 3.97% 3.65% 3.72% 3.87%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $3,195,000K ÷ $161,869,000K
= 1.97%

RTX Corp's return on assets (ROA) has fluctuated over the past eight quarters. In Q4 2023, the ROA was 1.97%, slightly higher than the previous quarter. This indicates that the company generated $1.97 in net income for every $100 of assets it owns. However, the ROA in Q4 2023 is lower than the ROA in Q3 and Q2 2023, which were 1.96% and 3.43%, respectively.

Overall, RTX Corp has maintained a relatively stable ROA over the past two years, ranging from 2.63% to 3.43%. This suggests that the company has been effectively utilizing its assets to generate profits. However, the recent dip in ROA in Q4 2023 compared to Q2 and Q3 2023 may indicate a potential decrease in asset efficiency or profitability. Further analysis of the company's financial performance and operational efficiency would be beneficial to understand the reasons behind these fluctuations in ROA.


Peer comparison

Dec 31, 2023

Company name
Symbol
ROA
Raytheon Technologies Corp
RTX
1.97%
Honeywell International Inc
HON
9.20%

See also:

Raytheon Technologies Corp Return on Assets (ROA) (Quarterly Data)