Texas Pacific Land Trust (TPL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 453,960 | 448,710 | 447,690 | 433,494 | 405,645 | 392,266 | 416,529 | 435,030 | 446,362 | 425,676 | 379,676 | 317,828 | 269,980 | 235,726 |
| 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 |
| ROA | 36.37% | 38.17% | 34.02% | 34.43% | 35.08% | 36.34% | 41.60% | 45.54% | 50.87% | 51.35% | 49.65% | 37.10% | 35.33% | 33.89% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $453,960K ÷ $1,248,020K
= 36.37%
The return on assets (ROA) of Texas Pacific Land Trust has shown a general increasing trend over the evaluated periods from September 30, 2021, to December 31, 2024. The ROA started at 33.89% in September 2021 and gradually rose to a peak of 51.35% in September 2022. After reaching the peak, there was a slight decrease in ROA before stabilizing around 35-40% levels.
Overall, the ROA figures above 30% indicate that Texas Pacific Land Trust has been effective in generating profits relative to its total assets. The significant fluctuations in ROA over the periods could be due to changes in the company's profitability or asset management efficiency. It would be essential to further analyze the company's financial performance and operational strategies behind these ROA fluctuations to gain a deeper understanding of the firm's financial health.
See also:
Texas Pacific Land Trust Return on Assets (ROA) (Quarterly Data)