SPX Corp (SPXC)
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 | 89,900 | 31,100 | 54,600 | 31,600 | 200 | 33,900 | 361,100 | 410,000 | 425,400 | 445,400 | 137,900 | 103,100 | 99,000 | 98,000 | 96,700 | 88,800 | 65,300 | 79,100 | 64,200 | 68,000 |
| 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 |
| ROA | 3.68% | 1.26% | 2.18% | 1.56% | 0.01% | 1.37% | 14.50% | 15.97% | 16.18% | 17.89% | 5.72% | 4.49% | 4.24% | 4.36% | 4.29% | 4.00% | 3.01% | 3.84% | 3.11% | 3.24% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $89,900K ÷ $2,439,700K
= 3.68%
The return on assets (ROA) for SPX Corp has shown fluctuations over the past five quarters. In the most recent quarter, Dec 31, 2023, the ROA stood at 3.68%, demonstrating an improvement from the previous quarter but still lower than the peak levels seen in Jun 30, 2022, and Mar 31, 2022, where the ROA reached exceptionally high levels of 14.50% and 15.97%, respectively.
Overall, the ROA trend for SPX Corp indicates variability in the company's ability to generate profits relative to its total assets. The fluctuating ROA values suggest changes in the company's efficiency in utilizing its assets to generate earnings. It is important for investors and analysts to continue monitoring SPX Corp's ROA to assess the company's financial performance and efficiency in deploying its assets effectively.
Peer comparison
Dec 31, 2023