Tennant Company (TNC)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 114,900 | 131,800 | 135,900 | 140,200 | 138,600 | 130,400 | 117,100 | 96,400 | 75,100 | 71,900 | 74,400 | 72,000 | 93,700 | 88,600 | 83,100 | 85,600 | 63,700 | 75,200 | 78,300 | 75,300 |
| Total assets | US$ in thousands | 1,190,100 | 1,216,100 | 1,167,500 | 1,151,700 | 1,113,400 | 1,059,300 | 1,108,300 | 1,100,700 | 1,085,100 | 1,005,100 | 1,025,200 | 1,050,200 | 1,061,700 | 1,067,100 | 1,081,400 | 1,080,800 | 1,082,600 | 1,063,500 | 1,028,200 | 1,150,200 |
| Operating ROA | 9.65% | 10.84% | 11.64% | 12.17% | 12.45% | 12.31% | 10.57% | 8.76% | 6.92% | 7.15% | 7.26% | 6.86% | 8.83% | 8.30% | 7.68% | 7.92% | 5.88% | 7.07% | 7.62% | 6.55% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $114,900K ÷ $1,190,100K
= 9.65%
Operating Return on Assets (Operating ROA) is a key financial ratio that indicates the efficiency and profitability of Tennant Company in generating operating profits relative to its total assets. The trend analysis of Tennant Company's Operating ROA from March 31, 2020, to December 31, 2024, reveals fluctuations over the period.
- The Operating ROA started at 6.55% on March 31, 2020, and gradually increased to 8.83% by December 31, 2021, indicating an improvement in the company's ability to generate operating income from its assets.
- The ratio slightly decreased to 6.86% by March 31, 2022, but showed a subsequent increase to 12.45% by December 31, 2023, suggesting significant profitability during this period.
- However, the Operating ROA declined to 9.65% by December 31, 2024, indicating a decrease in the company's efficiency in generating operating profits in relation to its total assets compared to the previous period.
Overall, Tennant Company's Operating ROA exhibited a mixed performance during the analyzed period, with fluctuations in profitability and efficiency in asset utilization. Further analysis would be necessary to understand the factors contributing to these variations and to assess the company's overall financial performance comprehensively.
Peer comparison
Dec 31, 2024