Triumph Group Inc (TGI)
Return on assets (ROA)
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 512,384 | -52,904 | -26,050 | 81,772 | 89,593 | 96,561 | 92,847 | -22,749 | -42,758 | -105,702 | -181,056 | -205,475 | -450,910 | -452,776 | -397,866 | -322,143 | -28,269 | -157,875 | -175,614 | -232,524 |
| Total assets | US$ in thousands | 1,686,270 | 1,676,580 | 1,673,130 | 1,649,860 | 1,714,840 | 1,597,290 | 1,568,270 | 1,667,460 | 1,761,170 | 1,752,540 | 1,800,720 | 1,883,490 | 2,450,940 | 2,401,920 | 2,533,420 | 2,266,320 | 2,980,330 | 2,625,390 | 2,761,800 | 2,823,270 |
| ROA | 30.39% | -3.16% | -1.56% | 4.96% | 5.22% | 6.05% | 5.92% | -1.36% | -2.43% | -6.03% | -10.05% | -10.91% | -18.40% | -18.85% | -15.70% | -14.21% | -0.95% | -6.01% | -6.36% | -8.24% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $512,384K ÷ $1,686,270K
= 30.39%
The return on assets (ROA) for Triumph Group Inc has exhibited volatility over the past several quarters. In the March 2024 quarter, the ROA stood at a robust 30.39%, indicating a strong ability to generate profits relative to its total assets. However, the previous quarter, December 2023, showed a negative ROA of -3.16%, suggesting a loss-making period.
This inconsistency in performance is further highlighted by negative ROA figures in the September 2023, June 2023, and December 2022 quarters. The positive ROA figures in the March 2023 and December 2022 quarters, although less significant than the recent high in March 2024, point towards periods of profitability.
The trend of negative ROA from September 2021 to March 2022 reflects challenges in generating profits relative to the total assets during that period. The declining negative ROA figures up to September 2021 indicate a gradual improvement in profitability before the subsequent fluctuation.
Overall, Triumph Group Inc's ROA has shown inconsistency, with periods of strong profitability interspersed with periods of losses. This underscores the importance of closely monitoring factors influencing profitability and asset utilization within the company.
Peer comparison
Mar 31, 2024