Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 376,900 | 338,400 | 297,900 | 233,900 | 401,300 | 446,000 | 523,200 | 572,200 | 413,000 | |||
| Total assets | US$ in thousands | 4,294,000 | 4,221,900 | 4,205,600 | 4,278,500 | 4,343,300 | 4,263,700 | 4,219,200 | 4,300,100 | 4,349,800 | 4,171,600 | 3,339,700 | 3,284,100 |
| ROA | 8.78% | 8.02% | 7.08% | 5.47% | 9.24% | 10.46% | 12.40% | 13.31% | 9.49% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $376,900K ÷ $4,294,000K
= 8.78%
Based on the data provided, Vontier Corporation's return on assets (ROA) has been fluctuating over the past eight quarters. The ROA for Q4 2023 was 8.78%, showing a slight increase from the previous quarter's 8.02%. However, compared to the same quarter in the previous year (Q4 2022) where the ROA was 9.24%, the current ROA is slightly lower.
Looking at the trend over the quarters, there has been a general decrease in ROA from Q1 2022 to Q4 2023. This decline could indicate a decrease in the company's ability to generate profits from its assets efficiently over time. The peak ROA was observed in Q1 2022 at 13.31%, followed by a consistent decrease up to Q4 2023.
Overall, the trend in Vontier Corporation's ROA suggests a need for closer examination of the company's asset management and profitability strategies to potentially improve its efficiency in generating returns from its assets.
Peer comparison
Dec 31, 2023