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
See also:
Raytheon Technologies Corp Return on Assets (ROA) (Quarterly Data)