Westinghouse Air Brake Technologies Corp (WAB)
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 | 1,266,000 | 1,205,000 | 1,096,000 | 1,048,000 | 1,011,000 | 1,028,000 | 984,000 | 923,000 | 876,000 | 773,600 | 763,300 | 719,700 | 745,000 | 809,500 | 771,900 | 813,100 | 663,100 | 530,400 | 486,500 | 409,400 |
| Total assets | US$ in thousands | 18,988,000 | 18,800,000 | 18,985,000 | 18,669,000 | 18,516,000 | 18,262,000 | 18,333,000 | 18,438,000 | 18,454,000 | 18,351,900 | 18,512,400 | 18,543,200 | 18,454,000 | 18,444,400 | 18,465,400 | 18,773,100 | 18,944,200 | 18,900,900 | 18,942,600 | 19,077,900 |
| Operating ROA | 6.67% | 6.41% | 5.77% | 5.61% | 5.46% | 5.63% | 5.37% | 5.01% | 4.75% | 4.22% | 4.12% | 3.88% | 4.04% | 4.39% | 4.18% | 4.33% | 3.50% | 2.81% | 2.57% | 2.15% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,266,000K ÷ $18,988,000K
= 6.67%
Based on the operating return on assets (operating ROA) data of Westinghouse Air Brake Technologies Corp from Q1 2022 to Q4 2023, the company's performance in converting its assets into operating income has shown a generally positive trend.
The operating ROA has been gradually increasing from 5.01% in Q1 2022 to 6.67% in Q4 2023. This indicates that the company has been able to generate more operating income relative to its total assets over time.
While there have been fluctuations in the operating ROA figures across the quarters, overall, the trend suggests an improvement in the company's operational efficiency and profitability. It is essential for investors and stakeholders to monitor this metric over time to assess the company's ability to generate profits from its operations efficiently.
Peer comparison
Dec 31, 2023