Trimble Inc (TRMB)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 514,300 | 321,500 | 317,100 | 286,600 |
| 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 |
| ROA | 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% | 7.74% | 5.54% | 5.40% | 4.84% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $311,300K ÷ $9,539,300K
= 3.26%
Trimble Inc's return on assets (ROA) has shown fluctuations over the past few quarters. The ROA trend indicates that the company's ability to generate profits from its assets has varied. In the most recent quarter, Dec 31, 2023, the ROA decreased to 3.26% from the previous quarter's 3.58%, suggesting a decline in asset efficiency. However, it is important to note that the ROA was considerably higher in the quarter ended Mar 31, 2023, at 5.84%, indicating improved asset utilization and profitability. The ROA peaked at 7.74% in Dec 31, 2019, but has since exhibited a decreasing trend.
Overall, Trimble Inc's ROA has shown some inconsistency and is subject to fluctuations. Further analysis of the company's asset management efficiency and profitability may be necessary to fully understand the factors driving these variations in ROA.
Peer comparison
Dec 31, 2023