Tennant Company (TNC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 83,700 | 108,100 | 110,200 | 113,600 | 109,500 | 102,300 | 95,000 | 80,300 | 66,300 | 50,400 | 56,300 | 49,500 | 64,900 | 59,500 | 49,700 | 54,200 | 33,700 | 42,200 | 45,100 | 45,600 |
| 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 |
| ROA | 7.03% | 8.89% | 9.44% | 9.86% | 9.83% | 9.66% | 8.57% | 7.30% | 6.11% | 5.01% | 5.49% | 4.71% | 6.11% | 5.58% | 4.60% | 5.01% | 3.11% | 3.97% | 4.39% | 3.96% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $83,700K ÷ $1,190,100K
= 7.03%
Tennant Company's return on assets (ROA) demonstrates fluctuating performance over the periods indicated. The ROA started at 3.96% as of March 31, 2020, increased to a peak of 9.86% by March 31, 2024, and then declined to 7.03% by December 31, 2024.
The trend shows an overall improvement in ROA from 2020 to 2024, indicating the company's ability to generate more profit from its assets. Specifically, the ROA saw significant growth from the end of 2022 to mid-2024, reaching its highest point of 9.86%. This could be a sign of enhanced efficiency in asset utilization and profitability.
However, the slight decline in ROA in the later part of 2024 may warrant further investigation into potential factors impacting profitability and asset productivity during that period.
Overall, Tennant Company's ROA trend indicates a generally positive performance in terms of generating earnings relative to its asset base, with some fluctuations that may require continued monitoring and analysis.
Peer comparison
Dec 31, 2024