Trane Technologies plc (TT)
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 | 2,894,000 | 2,787,000 | 2,662,300 | 2,487,500 | 2,418,900 | 2,274,000 | 2,117,900 | 2,058,300 | 2,023,300 | 1,975,600 | 1,959,100 | 1,731,600 | 1,532,800 | 1,475,000 | 1,444,600 | 1,588,000 | 1,670,100 | 1,381,300 | 1,431,800 | 1,505,200 |
| Total assets | US$ in thousands | 19,391,900 | 18,903,200 | 18,906,500 | 17,897,400 | 18,081,600 | 17,739,800 | 17,680,800 | 17,636,900 | 18,059,800 | 18,202,200 | 18,369,400 | 17,824,800 | 18,156,700 | 17,939,400 | 17,223,600 | 17,635,600 | 20,492,300 | 20,306,900 | 20,667,600 | 19,781,000 |
| Operating ROA | 14.92% | 14.74% | 14.08% | 13.90% | 13.38% | 12.82% | 11.98% | 11.67% | 11.20% | 10.85% | 10.67% | 9.71% | 8.44% | 8.22% | 8.39% | 9.00% | 8.15% | 6.80% | 6.93% | 7.61% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,894,000K ÷ $19,391,900K
= 14.92%
Operating ROA for Trane Technologies plc has shown a consistent upward trend over the past eight quarters, reflecting improved efficiency in generating operating profits from its assets. The Q4 2023 figure of 14.92% represents the highest operating ROA during the period, indicating the company's ability to generate more operating income relative to its assets. This upward trajectory demonstrates effective asset utilization and operational performance, with a steady increase in profitability over time. Overall, Trane Technologies plc has demonstrated a positive trend in operating ROA, signaling efficient management of its asset base to generate operating profits.