Textron Inc (TXT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 862,000 | 1,205,000 | 1,212,000 |
| Total assets | US$ in thousands | 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 | 15,062,000 | 14,796,000 | 14,480,000 |
| ROA | 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% | 5.72% | 8.14% | 8.37% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $921,000K ÷ $16,856,000K
= 5.46%
Over the past five years, Textron Inc's return on assets (ROA) has shown fluctuations. The ROA ranged from a high of 8.37% in the first quarter of 2019 to a low of 1.71% in the third quarter of 2020. In recent quarters, the ROA has been relatively stable, ranging between 5.24% and 5.75% in the past year.
Textron's ROA performance indicates the company's ability to generate profits relative to its total assets. A higher ROA suggests that the company is efficient in its asset utilization and is generating more income per dollar of assets. On the other hand, a lower ROA may indicate less effective asset management or lower profitability.
Overall, Textron's recent ROA figures are within a reasonable range, showing consistency and decent profitability relative to its asset base. Analysts should continue to monitor ROA trends to assess Textron's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023