Titan International Inc (TWI)
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 | 148,727 | 168,911 | 192,427 | 216,230 | 205,802 | 189,225 | 161,634 | 115,652 | 85,175 | 45,011 | 15,303 | -11,517 | -35,351 | -37,034 | -42,842 | -42,171 | -28,432 | -11,835 | 5,604 | 26,998 |
| Total assets | US$ in thousands | 1,289,240 | 1,257,740 | 1,305,150 | 1,344,810 | 1,284,630 | 1,247,480 | 1,289,180 | 1,269,300 | 1,182,680 | 1,144,260 | 1,127,440 | 1,071,450 | 1,031,880 | 1,016,350 | 1,031,290 | 1,060,250 | 1,114,310 | 1,189,600 | 1,269,530 | 1,325,260 |
| Operating ROA | 11.54% | 13.43% | 14.74% | 16.08% | 16.02% | 15.17% | 12.54% | 9.11% | 7.20% | 3.93% | 1.36% | -1.07% | -3.43% | -3.64% | -4.15% | -3.98% | -2.55% | -0.99% | 0.44% | 2.04% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $148,727K ÷ $1,289,240K
= 11.54%
Titan International, Inc.'s operating return on assets (operating ROA) has shown a fluctuating trend over the past eight quarters. The operating ROA ranged from a high of 16.08% in Q1 2023 to a low of 9.11% in Q1 2022. Despite some quarterly variations, the average operating ROA over this period appears to be relatively stable. However, it is worth noting that there was a noticeable uptick in Q2 and Q3 of 2023, potentially indicating improved efficiency in asset utilization or profitability during those periods. Further analysis of the company's operational performance and asset management strategies would be required to determine the factors influencing these fluctuations in operating ROA.
Peer comparison
Dec 31, 2023