Trimble Inc (TRMB)
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 | 1,504,400 | 1,477,200 | 1,511,500 | 239,700 | 311,300 | 333,900 | 344,800 | 468,200 | 449,700 | 479,400 | 517,600 | 488,500 | 492,700 | 557,700 | 518,400 | 442,500 | 389,900 | 488,900 | 482,300 | 513,900 |
| Total assets | US$ in thousands | 9,488,300 | 9,866,700 | 9,597,800 | 9,321,200 | 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 |
| ROA | 15.86% | 14.97% | 15.75% | 2.57% | 3.26% | 3.58% | 3.61% | 5.84% | 6.19% | 6.77% | 7.48% | 6.81% | 6.94% | 7.96% | 7.45% | 6.53% | 5.67% | 7.38% | 7.26% | 7.66% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,504,400K ÷ $9,488,300K
= 15.86%
Trimble Inc's return on assets (ROA) has shown some fluctuations over the past few years. The ROA was relatively stable around the 7% range from March 2020 to September 2021. However, there was a decline in ROA to 5.67% as of December 2021, followed by a slight recovery to 6.53% in March 2022. The ROA continued to fluctuate between 6% and 7.96% until September 2022.
From December 2022 to March 2024, Trimble's ROA experienced a decreasing trend, dropping from 6.19% to 2.57%. This significant decline may indicate potential challenges in generating profits relative to the company's total assets during this period.
However, there was a notable improvement in the ROA for the second half of 2024, with ROA increasing substantially to 15.75% in June 2024 and remaining elevated at around 15-16% through December 2024.
Overall, while Trimble Inc's ROA has displayed fluctuations, it is essential to further investigate the factors contributing to these changes in profitability relative to the company's asset base.
Peer comparison
Dec 31, 2024