Texas Pacific Land Trust (TPL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 539,138 | 530,457 | 530,084 | 517,142 | 486,053 | 476,421 | 511,518 | 542,946 | 562,307 | 563,937 | 505,122 | 424,684 | 362,393 | 291,764 |
| Total assets | US$ in thousands | 1,248,020 | 1,175,570 | 1,315,790 | 1,259,170 | 1,156,400 | 1,079,320 | 1,001,320 | 955,251 | 877,427 | 828,974 | 764,708 | 856,569 | 764,064 | 695,617 |
| Operating ROA | 43.20% | 45.12% | 40.29% | 41.07% | 42.03% | 44.14% | 51.08% | 56.84% | 64.09% | 68.03% | 66.05% | 49.58% | 47.43% | 41.94% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $539,138K ÷ $1,248,020K
= 43.20%
The operating return on assets (ROA) for Texas Pacific Land Trust has shown fluctuating trends over the periods provided in the data.
From September 30, 2021, to September 30, 2022, the operating ROA increased steadily, indicating improved operational efficiency and profitability. The highest point during this period was recorded on September 30, 2022, at 68.03%, which reflects the trust's ability to generate strong operating income relative to its total assets.
However, from September 30, 2022, to December 31, 2024, the operating ROA experienced a decline overall, with some fluctuations quarter over quarter. The trust's operating ROA dropped to 40.29% on June 30, 2024, before showing a slight recovery to 45.12% on September 30, 2024.
Overall, the operating ROA for Texas Pacific Land Trust has shown some volatility but generally remained at relatively high levels, indicating the trust's ability to generate significant operating income based on its assets. The downward trend in recent periods may suggest challenges in maintaining or improving operational efficiency and profitability.