Tetra Tech Inc (TTEK)
Operating return on assets (Operating ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 358,113 | 340,446 | 278,701 | 241,091 | 188,762 |
| Total assets | US$ in thousands | 3,820,480 | 2,622,780 | 2,576,560 | 2,378,560 | 2,147,410 |
| Operating ROA | 9.37% | 12.98% | 10.82% | 10.14% | 8.79% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $358,113K ÷ $3,820,480K
= 9.37%
Tetra Tech Inc's operating return on assets (ROA) has fluctuated over the past five years, ranging from 8.79% in 2019 to 12.98% in 2022. The operating ROA indicates the company's ability to generate operating profit from its assets. In 2023, the operating ROA decreased to 9.37% compared to the previous year, suggesting a decrease in the company's operating efficiency in utilizing its assets to generate operating income. It is important for Tetra Tech Inc to closely monitor and improve its operational efficiency to maximize its return on assets and enhance overall financial performance.
Peer comparison
Sep 30, 2023