Teledyne Technologies Incorporated (TDY)

Operating return on assets (Operating ROA)

		Dec 31, 2024	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
Operating income (ttm)	US$ in thousands	988,400	1,022,800	1,016,400	1,025,500	1,034,400	1,036,700	1,017,600	991,000	972,000	893,300	837,700	712,600	624,300	573,000	505,900	511,300	480,100	470,100	476,300	498,400
Total assets	US$ in thousands	14,200,500	14,530,900	14,221,100	14,639,200	14,527,900	14,215,800	14,156,300	14,429,300	14,354,000	13,831,400	14,057,400	14,251,100	14,446,000	14,447,500	14,222,900	7,618,400	5,068,600	4,837,000	4,738,200	4,585,000
Operating ROA		6.96%	7.04%	7.15%	7.01%	7.12%	7.29%	7.19%	6.87%	6.77%	6.46%	5.96%	5.00%	4.32%	3.97%	3.56%	6.71%	9.47%	9.72%	10.05%	10.87%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $988,400K ÷ $14,200,500K
= 6.96%

Operating return on assets (Operating ROA) is a financial ratio that measures a company's operating income generated per dollar of assets. For Teledyne Technologies Incorporated, the trend in Operating ROA over the past few years has shown some variability.

From March 31, 2020, to December 31, 2020, the company's Operating ROA declined gradually from 10.87% to 9.47%. This decrease may indicate either a decrease in operating income generated from its assets, an increase in assets, or a combination of both.

Subsequently, there was a more significant drop in Operating ROA from March 31, 2021, to June 30, 2021, falling from 6.71% to 3.56%. This sharp decline suggests a substantial decrease in operating income relative to its assets during this period.

However, from June 30, 2021, to December 31, 2024, Teledyne Technologies Incorporated managed to improve its Operating ROA gradually, with fluctuations within a range of 3.56% to 7.15%. This improvement indicates the company's ability to enhance the efficiency of its asset utilization and generate higher operating income from its asset base.

Overall, while there have been fluctuations in Teledyne Technologies Incorporated's Operating ROA over the analyzed periods, the company demonstrated some resilience and managed to maintain a relatively stable and improving trend in operating performance relative to its asset base in recent years.