Trimble Inc (TRMB)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 448,800 | 448,600 | 449,700 | 491,000 | 510,900 | 542,000 | 567,100 | 577,000 | 561,000 | 555,100 | 509,600 | 462,400 | 419,800 | 386,100 | 375,800 | 387,900 | 375,900 | 377,300 | 363,000 | 342,800 |
| Total assets | US$ in thousands | 9,539,300 | 9,330,700 | 9,556,300 | 8,012,900 | 7,269,000 | 7,077,700 | 6,919,500 | 7,177,400 | 7,099,600 | 7,003,400 | 6,962,200 | 6,780,500 | 6,876,900 | 6,624,300 | 6,645,000 | 6,705,700 | 6,640,700 | 5,803,900 | 5,876,100 | 5,920,100 |
| Operating ROA | 4.70% | 4.81% | 4.71% | 6.13% | 7.03% | 7.66% | 8.20% | 8.04% | 7.90% | 7.93% | 7.32% | 6.82% | 6.10% | 5.83% | 5.66% | 5.78% | 5.66% | 6.50% | 6.18% | 5.79% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $448,800K ÷ $9,539,300K
= 4.70%
Operating return on assets (ROA) measures the company's ability to generate operating profits from its assets. Trimble Inc's operating ROA has fluctuated over the past few quarters, ranging from a low of 4.70% to a high of 8.20%. The trend shows a decline in the operating ROA from the highest point of 8.20% in June 2022 to the lowest point of 4.70% in December 2023.
The decrease in operating ROA could indicate inefficiencies in asset utilization or declining profitability. However, it is important to note that operating ROA is influenced by both operating income and total assets. A decrease in operating ROA could be a result of declining operating income, an increase in total assets, or a combination of both factors.
Further analysis of the company's financial performance, including the factors impacting operating income and asset composition, is necessary to fully understand the reasons behind the fluctuations in Trimble Inc's operating ROA.
Peer comparison
Dec 31, 2023