Tetra Tech Inc (TTEK)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 380,571 | 344,605 | 319,030 | 303,595 | 320,673 | 308,098 | 331,768 | 345,277 | 340,447 | 327,481 | 295,479 | 266,476 | 231,692 | 216,591 | 210,185 | 201,065 | 195,939 | 149,869 | 153,605 | 173,119 |
| 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 |
| ROA | 9.08% | 8.44% | 7.84% | 7.68% | 8.39% | 7.75% | 8.33% | 12.64% | 12.98% | 12.23% | 11.17% | 10.09% | 8.99% | 8.63% | 8.56% | 8.33% | 8.24% | 6.55% | 6.56% | 7.36% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $380,571K ÷ $4,192,680K
= 9.08%
Tetra Tech Inc's Return on Assets (ROA) has shown fluctuations over the periods provided. ROA is a key profitability ratio that indicates how efficiently the company is utilizing its assets to generate profits.
From December 2019 to September 2020, the ROA remained relatively stable between 6.55% and 6.56%. However, there was a noticeable increase in ROA from December 2020 to March 2022, reaching a peak of 12.98% in September 2022. This significant improvement suggests that Tetra Tech Inc was effectively generating profits relative to its asset base during this period.
Subsequently, there was a slight decline in ROA from September 2022 to March 2023, followed by a return to higher levels between March 2023 and March 2024. The ROA decreased from 8.33% in December 2023 to 7.84% in March 2024. It then increased to 8.44% by June 2024 before reaching 9.08% in September 2024.
Overall, Tetra Tech Inc's ROA performance indicates periods of strong profitability relative to its assets, with some fluctuations observed over the time frame provided. Investors and analysts may want to further investigate the company's asset efficiency and profitability trends to gain a comprehensive understanding of its financial performance.
Peer comparison
Sep 30, 2024