United Rentals Inc (URI)
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 | 2,424,000 | 2,384,000 | 2,287,000 | 2,189,000 | 2,105,000 | 1,947,000 | 1,750,000 | 1,550,000 | 1,386,000 | 1,202,000 | 1,001,000 | 920,000 | 890,000 | 931,000 | 1,114,000 | 1,172,000 | 1,174,000 | 1,146,000 | 1,088,000 | 1,088,000 |
| 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 |
| ROA | 9.47% | 9.23% | 8.97% | 8.89% | 8.70% | 9.09% | 8.41% | 7.69% | 6.83% | 5.92% | 5.10% | 5.24% | 4.98% | 5.20% | 6.22% | 6.21% | 6.19% | 5.91% | 5.71% | 5.85% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,424,000K ÷ $25,589,000K
= 9.47%
United Rentals, Inc.'s return on assets (ROA) indicates the company's ability to generate earnings from its total assets. The trend of ROA over the past eight quarters shows a generally positive performance. The ROA has steadily increased from 7.69% in March 2022 to 9.47% in December 2023, suggesting improved efficiency in asset utilization and earnings generation. This upward trend indicates that the company has been generating more earnings relative to its total assets, which is a positive sign for investors and indicates effective management of assets to create value. However, it is important for stakeholders to continue monitoring this trend to ensure sustained performance.
Peer comparison
Dec 31, 2023