SPX Corp (SPXC)
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 | 221,900 | 133,900 | 113,500 | 89,400 | 51,000 | 89,800 | 70,200 | 60,100 | 73,700 | 102,700 | 105,400 | 105,800 | 113,100 | 127,300 | 134,500 | 143,300 | 114,000 | 114,000 | 99,800 | 96,200 |
| Total assets | US$ in thousands | 2,439,700 | 2,473,000 | 2,501,600 | 2,021,400 | 1,930,900 | 2,482,500 | 2,489,600 | 2,567,200 | 2,628,600 | 2,489,800 | 2,410,500 | 2,297,000 | 2,333,700 | 2,250,000 | 2,256,400 | 2,221,900 | 2,167,800 | 2,062,400 | 2,067,300 | 2,101,400 |
| Operating ROA | 9.10% | 5.41% | 4.54% | 4.42% | 2.64% | 3.62% | 2.82% | 2.34% | 2.80% | 4.12% | 4.37% | 4.61% | 4.85% | 5.66% | 5.96% | 6.45% | 5.26% | 5.53% | 4.83% | 4.58% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $221,900K ÷ $2,439,700K
= 9.10%
The operating return on assets (ROA) for SPX Corp has fluctuated over the past five years, ranging from 2.34% to 9.10%. The trend shows a general increase in operating ROA from 2019 to 2023, with some fluctuations in between. The highest operating ROA was seen at the end of December 2023 at 9.10%, indicating that the company generated 9.10 cents of operating income for every dollar of assets employed during that period.
The operating ROA is an important metric as it measures the efficiency of the company in generating operating profit from its assets. The increasing trend in operating ROA suggests that SPX Corp has been more effective in utilizing its assets to generate operating income over time.
However, fluctuations in the operating ROA should be further analyzed to understand the reasons behind the changes. It is essential for investors and stakeholders to monitor this metric to assess the company's operational performance and efficiency in utilizing its assets effectively to generate profits.
Peer comparison
Dec 31, 2023