Tetra Tech Inc (TTEK)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 500,737 | 464,771 | 433,816 | 377,144 | 358,113 | 345,538 | 331,768 | 345,277 | 340,447 | 327,481 | 313,383 | 299,670 | 278,702 | 263,601 | 257,319 | 244,042 | 241,092 | 195,022 | 196,338 | 196,353 |
| Total assets | US$ in thousands | 4,192,680 | 4,084,900 | 4,070,570 | 3,950,820 | 3,820,480 | 3,973,580 | 3,985,040 | 2,731,480 | 2,622,780 | 2,677,710 | 2,645,620 | 2,640,460 | 2,576,560 | 2,510,920 | 2,455,060 | 2,414,870 | 2,378,560 | 2,289,310 | 2,343,150 | 2,352,550 |
| Operating ROA | 11.94% | 11.38% | 10.66% | 9.55% | 9.37% | 8.70% | 8.33% | 12.64% | 12.98% | 12.23% | 11.85% | 11.35% | 10.82% | 10.50% | 10.48% | 10.11% | 10.14% | 8.52% | 8.38% | 8.35% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $500,737K ÷ $4,192,680K
= 11.94%
Tetra Tech Inc's operating return on assets (ROA) has shown a fluctuating trend over the past few quarters. The operating ROA has ranged from 8.33% to 12.98% over the last eight quarters, with a peak in the last quarter of 2022 and a trough in the second quarter of 2023.
Overall, the operating ROA has generally been on an upward trajectory since the beginning of 2021, indicating an improvement in the company's ability to generate profits from its operating assets. The latest operating ROA of 11.94% as of September 30, 2024, is slightly higher than the earlier quarters, suggesting a positive trend in the company's operational efficiency and profitability. It is essential for investors and stakeholders to closely monitor this metric to assess the company's financial performance and operational effectiveness.
Peer comparison
Sep 30, 2024