Terex Corporation (TEX)
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 | 518,100 | 483,400 | 446,000 | 360,700 | 300,000 | 266,600 | 232,900 | 232,700 | 220,900 | 179,800 | 137,500 | 54,400 | -10,600 | -3,800 | 11,800 | 96,100 | 54,400 | -3,100 | 14,100 | -3,200 |
| Total assets | US$ in thousands | 3,615,500 | 3,461,100 | 3,415,200 | 3,281,200 | 3,118,100 | 2,976,500 | 2,993,700 | 2,939,900 | 2,863,500 | 3,067,900 | 3,068,500 | 2,965,500 | 3,031,800 | 2,915,200 | 2,864,300 | 3,114,700 | 3,195,600 | 3,160,700 | 3,603,100 | 3,654,800 |
| ROA | 14.33% | 13.97% | 13.06% | 10.99% | 9.62% | 8.96% | 7.78% | 7.92% | 7.71% | 5.86% | 4.48% | 1.83% | -0.35% | -0.13% | 0.41% | 3.09% | 1.70% | -0.10% | 0.39% | -0.09% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $518,100K ÷ $3,615,500K
= 14.33%
Terex Corp.'s return on assets (ROA) has shown a consistent increasing trend over the past eight quarters. The ROA has improved from 7.92% in Q1 2022 to 14.33% in Q4 2023, indicating that the company is generating stronger profits relative to its total assets. This suggests that Terex Corp. is utilizing its assets more efficiently to generate earnings for its stakeholders. The steady increase in ROA reflects positively on the company's operational efficiency and management's ability to generate profits from the assets at its disposal. Furthermore, the upward trend in ROA indicates a potential improvement in the company's overall financial performance and profitability over the period analyzed.