Gentherm Inc (THRM)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	77,439	49,296	48,376	51,790	48,306	66,627	64,510	88,447	115,006	135,032	152,834	111,265	89,217	69,339	51,162	81,116	84,260	83,064	78,448	73,984
Total assets	US$ in thousands	1,234,370	1,225,600	1,244,050	1,268,750	1,239,300	1,241,330	947,046	967,113	935,343	943,978	933,873	932,454	1,022,840	921,447	823,370	893,370	738,832	737,671	751,910	763,046
Operating ROA		6.27%	4.02%	3.89%	4.08%	3.90%	5.37%	6.81%	9.15%	12.30%	14.30%	16.37%	11.93%	8.72%	7.53%	6.21%	9.08%	11.40%	11.26%	10.43%	9.70%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $77,439K ÷ $1,234,370K
= 6.27%

To analyze Gentherm Inc's operating return on assets (operating ROA) based on the data provided, we observe a fluctuating trend over the past eight quarters. In Q4 2023, the operating ROA stood at 8.24%, showing an improvement compared to the previous quarter's 6.41% in Q3 2023. This increase suggests the company managed to generate more operating income relative to its assets in the most recent quarter.

Looking further back, the operating ROA in Q2 2023 was 6.16%, slightly lower than in Q1 2023 at 4.71%. The comparison with the same period of the previous year indicates a positive trend, as Q2 2022 and Q1 2022 had operating ROA figures of 6.97% and 9.48%, respectively.

Overall, the operating ROA of Gentherm Inc has displayed variability, with fluctuations within a range of 4.46% to 9.48% over the past eight quarters. It's essential for stakeholders to closely monitor these changes to assess the company's operational efficiency and asset utilization in generating profits.