Textron Inc (TXT)
Return on assets (ROA)
| Dec 31, 2024 | Sep 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 | 763,000 | 891,000 | 931,000 | 921,000 | 949,000 | 905,000 | 859,000 | 861,000 | 842,000 | 802,000 | 768,000 | 746,000 | 775,000 | 705,000 | 430,000 | 309,000 | 272,000 | 377,000 | 686,000 | 815,000 |
| Total assets | US$ in thousands | 16,838,000 | 16,452,000 | 16,414,000 | 16,856,000 | 16,492,000 | 16,485,000 | 16,393,000 | 16,293,000 | 15,956,000 | 15,879,000 | 15,911,000 | 15,827,000 | 15,269,000 | 15,379,000 | 15,414,000 | 15,443,000 | 15,861,000 | 15,471,000 | 15,946,000 | 15,018,000 |
| ROA | 4.53% | 5.42% | 5.67% | 5.46% | 5.75% | 5.49% | 5.24% | 5.28% | 5.28% | 5.05% | 4.83% | 4.71% | 5.08% | 4.58% | 2.79% | 2.00% | 1.71% | 2.44% | 4.30% | 5.43% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $763,000K ÷ $16,838,000K
= 4.53%
The return on assets (ROA) for Textron Inc has shown some fluctuations over the past few years. Starting at 5.43% as of December 31, 2019, the ROA decreased to 1.71% by September 30, 2020, indicating a decline in the company's efficiency in generating profits from its assets. However, there was a gradual improvement in ROA, reaching 5.28% by December 31, 2022.
For the most recent period as of December 31, 2024, the ROA decreased to 4.53%. Despite this slight dip, the company has generally maintained a relatively stable and positive ROA performance, suggesting that Textron Inc has been effectively utilizing its assets to generate profits. The ROA values ranging from 4.53% to 5.75% in the latter part of the period indicate that the company is efficiently utilizing its assets to generate earnings.
Overall, Textron Inc's ROA performance reflects a mix of fluctuations and stability, with the company showing a generally positive trend in terms of generating profits relative to its assets over the analyzed period.
Peer comparison
Dec 31, 2024