Teledyne Technologies Incorporated (TDY)

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	885,700	789,000	768,700	754,700	788,600	724,000	679,800	573,200	445,300	415,600	375,400	404,400	401,900	385,500	398,300	409,200	402,300	377,700	361,300	342,600
Total assets	US$ in thousands	14,527,900	14,215,800	14,156,300	14,429,300	14,354,000	13,826,400	14,047,500	14,251,100	14,430,300	14,447,500	14,222,900	7,618,400	5,084,800	4,837,000	4,738,200	4,585,000	4,579,800	4,479,600	4,200,200	4,161,700
ROA		6.10%	5.55%	5.43%	5.23%	5.49%	5.24%	4.84%	4.02%	3.09%	2.88%	2.64%	5.31%	7.90%	7.97%	8.41%	8.92%	8.78%	8.43%	8.60%	8.23%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $885,700K ÷ $14,527,900K
= 6.10%

Teledyne Technologies Inc's return on assets (ROA) has shown a generally positive trend over the past eight quarters. In Q4 2023, the ROA reached 6.10%, the highest among the periods analyzed. This indicates that the company generated $0.061 in net income for every dollar of assets it possessed in that quarter.

The consistent improvement in ROA from 4.02% in Q1 2022 to 6.10% in Q4 2023 suggests that Teledyne Technologies Inc has been effectively utilizing its assets to generate profits. This could be attributed to efficient operational management, effective cost control, or successful investment strategies.

Overall, the increasing trend in ROA reflects positively on Teledyne Technologies Inc's ability to generate profits relative to its asset base, indicating a potentially healthy financial performance during the period under review.