Tetra Tech Inc (TTEK)
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 | 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 | 188,762 | 211,382 | 202,037 |
| Total assets | US$ in thousands | 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 | 2,147,410 | 2,096,420 | 1,951,860 |
| Operating ROA | 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% | 8.79% | 10.08% | 10.35% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $377,144K ÷ $3,950,820K
= 9.55%
The operating return on assets (operating ROA) of Tetra Tech, Inc. has shown fluctuations over the past eight quarters. In Q1 2023, the operating ROA was at its peak at 12.82%, signaling strong operational efficiency in generating profits from its assets. However, in the subsequent quarters, there was a slight decline in operating ROA, reaching its lowest point in Q2 2023 at 9.14%.
Subsequently, there was an improvement in Q3 and Q4 2023, with operating ROA reaching 9.57% and stabilizing at 10.99%, respectively. This indicates a recovery in operational performance and profitability.
Overall, Tetra Tech, Inc. has shown a consistent ability to generate returns from its assets, with moderate fluctuations in the operating ROA. This metric is essential for investors and analysts to assess the company's operational efficiency and effectiveness in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023