Timken Company (TKR)
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 | 394,100 | 432,600 | 431,700 | 411,500 | 407,400 | 373,100 | 374,200 | 374,000 | 369,100 | 359,300 | 360,000 | 317,100 | 284,500 | 344,900 | 320,300 | 350,900 | 362,100 | 308,600 | 316,000 | 314,500 |
| Total assets | US$ in thousands | 6,541,700 | 6,244,700 | 6,251,300 | 5,853,000 | 5,772,400 | 5,281,900 | 5,442,500 | 5,458,500 | 5,170,700 | 5,145,600 | 5,166,200 | 5,106,200 | 5,041,600 | 4,909,100 | 4,901,000 | 4,980,000 | 4,859,900 | 4,565,300 | 4,674,200 | 4,680,700 |
| ROA | 6.02% | 6.93% | 6.91% | 7.03% | 7.06% | 7.06% | 6.88% | 6.85% | 7.14% | 6.98% | 6.97% | 6.21% | 5.64% | 7.03% | 6.54% | 7.05% | 7.45% | 6.76% | 6.76% | 6.72% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $394,100K ÷ $6,541,700K
= 6.02%
Timken Co.'s Return on Assets (ROA) has been relatively stable over the past eight quarters, ranging from 6.02% to 7.06%. The company's ROA indicates that, on average, for every dollar of assets it possesses, it has generated between 6.02 cents and 7.06 cents in profit. This suggests that Timken Co. has been effectively utilizing its assets to generate profits. While there have been minor fluctuations in ROA, the overall trend indicates a consistent performance in terms of asset utilization and profitability. It is important to continue monitoring ROA to ensure sustained efficiency in asset management and profitability levels.
Peer comparison
Dec 31, 2023