Transdigm Group Incorporated (TDG)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,714,000 | 1,661,000 | 1,551,000 | 1,452,000 | 1,298,000 | 1,149,000 | 1,036,000 | 931,000 | 866,000 | 809,000 | 888,000 | 793,000 | 680,000 | 553,000 | 230,000 | 445,000 | 699,000 | 964,000 | 1,115,000 | 998,000 |
| Total assets | US$ in thousands | 25,586,000 | 21,828,000 | 21,577,000 | 20,685,000 | 19,970,000 | 19,555,000 | 20,008,000 | 18,489,000 | 18,107,000 | 18,819,000 | 18,841,000 | 19,242,000 | 19,315,000 | 19,089,000 | 18,739,000 | 18,557,000 | 18,395,000 | 18,179,000 | 16,635,000 | 18,156,000 |
| ROA | 6.70% | 7.61% | 7.19% | 7.02% | 6.50% | 5.88% | 5.18% | 5.04% | 4.78% | 4.30% | 4.71% | 4.12% | 3.52% | 2.90% | 1.23% | 2.40% | 3.80% | 5.30% | 6.70% | 5.50% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,714,000K ÷ $25,586,000K
= 6.70%
Transdigm Group Incorporated's Return on Assets (ROA) has shown a generally positive trend over the past few quarters, with the latest reported ROA at 6.70% for September 30, 2024. This indicates that the company generated a profit of 6.70 cents for every dollar of assets it owns during that period.
The ROA has consistently remained above 5% over the past few years, indicating efficient utilization of assets to generate profits. The company's ROA peaked at 7.61% in June 30, 2024, showcasing a strong performance in utilizing its assets effectively to create value for shareholders.
Overall, a consistently high ROA suggests that Transdigm Group Incorporated is effectively managing its assets to generate profits and create shareholder value. It is important for investors and stakeholders to monitor ROA over time to assess the company's operational efficiency and profitability.