United Rentals Inc (URI)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,575,000 | 2,565,000 | 2,560,000 | 2,515,000 | 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 |
| Total assets | US$ in thousands | 28,163,000 | 28,412,000 | 27,613,000 | 26,658,000 | 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 |
| ROA | 9.14% | 9.03% | 9.27% | 9.43% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,575,000K ÷ $28,163,000K
= 9.14%
United Rentals Inc's return on assets (ROA) has shown a consistent upward trend over the past few years, starting at 6.21% as of March 31, 2020, and reaching 9.14% by December 31, 2024. This indicates that the company has been effectively utilizing its assets to generate profit. The ROA peaked at 9.47% as of December 31, 2023, showing a high point of asset efficiency during that period.
It is important to note that from the data provided, there was a slight dip in the ROA in the second half of 2022, dropping from 8.41% as of June 30, 2022, to 8.70% by December 31, 2022. However, the company quickly recovered, with the ROA steadily increasing thereafter.
The consistent improvement in ROA demonstrates United Rentals Inc's ability to generate a higher return relative to its asset base over time. This trend is a positive sign for investors and indicates effective management of resources to drive profitability.
Peer comparison
Dec 31, 2024