Simpson Manufacturing Company Inc (SSD)
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 | 353,988 | 356,792 | 341,014 | 327,373 | 333,995 | 346,186 | 331,721 | 310,634 | 266,445 | 226,286 | 219,565 | 200,561 | 187,000 | 185,419 | 162,048 | 148,146 | 133,982 | 118,682 | 119,357 | 123,866 |
| 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 |
| ROA | 13.09% | 12.67% | 12.54% | 12.81% | 13.34% | 13.82% | 13.35% | 13.62% | 17.95% | 15.91% | 15.98% | 15.49% | 15.17% | 14.51% | 12.62% | 12.36% | 12.23% | 10.93% | 11.16% | 12.02% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $353,988K ÷ $2,704,720K
= 13.09%
Based on the historical data provided, Simpson Manufacturing Co., Inc. has consistently demonstrated a strong return on assets (ROA) performance over the past eight quarters. The ROA values have ranged from 12.54% to 13.82%, with a relatively narrow fluctuation. This indicates that the company has been effectively utilizing its assets to generate profits for its shareholders.
The ROA values above 10% suggest that Simpson Manufacturing Co., Inc. is efficiently generating earnings in relation to its total assets. The slight fluctuations in ROA over the quarters may be attributed to changes in the company's asset management efficiency, profitability, or financial leverage.
Overall, the stable and favorable trend in the ROA metric reflects the company's ability to effectively utilize its assets to generate profits, which is an encouraging sign for investors and stakeholders.
Peer comparison
Dec 31, 2023