Trane Technologies plc (TT)
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 | 2,023,900 | 1,958,700 | 1,880,300 | 1,803,400 | 1,756,500 | 1,635,200 | 1,493,000 | 1,448,400 | 1,423,400 | 1,350,300 | 1,345,200 | 1,119,300 | 854,900 | 906,300 | 964,500 | 1,181,800 | 1,410,900 | 1,368,800 | 1,425,100 | 1,417,100 |
| 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 |
| ROA | 10.44% | 10.36% | 9.95% | 10.08% | 9.71% | 9.22% | 8.44% | 8.21% | 7.88% | 7.42% | 7.32% | 6.28% | 4.71% | 5.05% | 5.60% | 6.70% | 6.89% | 6.74% | 6.90% | 7.16% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,023,900K ÷ $19,391,900K
= 10.44%
Trane Technologies plc's return on assets (ROA) has been showing a positive trend over the past eight quarters. The ROA has generally been improving, with Q4 2023 reflecting the highest ROA at 10.44% compared to the previous quarters. This indicates that Trane Technologies is efficiently utilizing its assets to generate profits. The consistent increase in ROA demonstrates the company's ability to generate more earnings relative to its asset base. It suggests that Trane Technologies is effectively managing its assets to create value for shareholders. Overall, the trend in ROA for Trane Technologies plc portrays a financially healthy and well-performing company.
See also:
Trane Technologies plc Return on Assets (ROA) (Quarterly Data)