Simpson Manufacturing Company Inc (SSD)
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 | 475,150 | 482,334 | 464,936 | 452,991 | 459,065 | 477,390 | 455,194 | 423,846 | 367,792 | 310,188 | 300,912 | 271,396 | 252,363 | 249,516 | 219,140 | 200,581 | 181,254 | 163,473 | 162,184 | 169,964 |
| Total assets | US$ in thousands | 2,704,720 | 2,815,490 | 2,719,350 | 2,555,630 | 2,503,970 | 2,504,260 | 2,485,470 | 2,280,350 | 1,484,120 | 1,422,070 | 1,373,970 | 1,294,730 | 1,232,570 | 1,277,860 | 1,284,500 | 1,198,250 | 1,095,370 | 1,086,310 | 1,069,920 | 1,030,350 |
| Operating ROA | 17.57% | 17.13% | 17.10% | 17.73% | 18.33% | 19.06% | 18.31% | 18.59% | 24.78% | 21.81% | 21.90% | 20.96% | 20.47% | 19.53% | 17.06% | 16.74% | 16.55% | 15.05% | 15.16% | 16.50% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $475,150K ÷ $2,704,720K
= 17.57%
Simpson Manufacturing Co., Inc.'s operating return on assets (operating ROA) has shown a relatively consistent performance over the past eight quarters, ranging from 17.36% to 19.59%. The decreasing trend in the operating ROA from Q4 2022 to Q4 2023 indicates a slight decline in the company's ability to generate operating profits from its assets. However, the operating ROA remains relatively high, suggesting that Simpson Manufacturing Co., Inc. is effectively utilizing its assets to generate operating income.
While the operating ROA fluctuates slightly quarter to quarter, the general range indicates that the company is efficiently using its assets to generate profits. The slight decrease from 18.97% in Q4 2022 to 17.73% in Q4 2023 may warrant further investigation into the underlying factors affecting the company's operating performance. Overall, the consistent positive values of operating ROA demonstrate that Simpson Manufacturing Co., Inc. has been successful in managing its assets to drive operational profitability.
Peer comparison
Dec 31, 2023