United Rentals Inc (URI)
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 | 3,827,000 | 3,788,000 | 3,610,000 | 3,400,000 | 3,232,000 | 2,953,000 | 2,711,000 | 2,477,000 | 2,277,000 | 2,042,000 | 1,914,000 | 1,814,000 | 1,800,000 | 1,889,000 | 1,994,000 | 2,142,000 | 2,152,000 | 2,116,000 | 2,038,000 | 1,979,000 |
| Total assets | US$ in thousands | 25,589,000 | 25,832,000 | 25,506,000 | 24,629,000 | 24,183,000 | 21,419,000 | 20,820,000 | 20,169,000 | 20,292,000 | 20,306,000 | 19,641,000 | 17,542,000 | 17,868,000 | 17,908,000 | 17,900,000 | 18,868,000 | 18,970,000 | 19,405,000 | 19,047,000 | 18,586,000 |
| Operating ROA | 14.96% | 14.66% | 14.15% | 13.80% | 13.36% | 13.79% | 13.02% | 12.28% | 11.22% | 10.06% | 9.74% | 10.34% | 10.07% | 10.55% | 11.14% | 11.35% | 11.34% | 10.90% | 10.70% | 10.65% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,827,000K ÷ $25,589,000K
= 14.96%
United Rentals, Inc.'s operating return on assets (operating ROA) has shown a positive trend over the past eight quarters, indicating the company's ability to generate earnings from its operational assets. The operating ROA has steadily increased from 12.30% in March 2022 to 15.07% in December 2023. This suggests that the company has been effectively utilizing its assets to generate operating income.
The consistent improvement in operating ROA reflects positively on United Rentals, Inc.'s operational efficiency and ability to generate profits relative to its asset base. This trend may signal effective management of the company's assets, resulting in improved operational performance and profitability.
It is important to note that a rising operating ROA indicates that the company is generating more income from its operational assets, which is a positive indicator of financial health and efficiency. This performance metric provides insights into the company's ability to generate profits from its core operations, making it a critical measure for investors and analysts.
Peer comparison
Dec 31, 2023