Westinghouse Air Brake Technologies Corp (WAB)
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 | 815,000 | 758,000 | 678,000 | 653,000 | 633,000 | 665,000 | 636,000 | 595,000 | 558,000 | 455,500 | 452,600 | 414,400 | 414,000 | 462,200 | 425,200 | 442,500 | 326,400 | 225,100 | 221,700 | 202,000 |
| 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 |
| ROA | 4.29% | 4.03% | 3.57% | 3.50% | 3.42% | 3.64% | 3.47% | 3.23% | 3.02% | 2.48% | 2.44% | 2.23% | 2.24% | 2.51% | 2.30% | 2.36% | 1.72% | 1.19% | 1.17% | 1.06% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $815,000K ÷ $18,988,000K
= 4.29%
Based on the provided data, Westinghouse Air Brake Technologies Corp's return on assets (ROA) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROA reached its highest point at 4.29%, indicating that the company generated a net income of 4.29 cents for every dollar of assets held during that period. This represents an improvement compared to the previous quarter, where the ROA was 4.03%.
Looking at the broader trend, the company's ROA has generally been increasing over the past two years, with some fluctuations between quarters. The average ROA for the past eight quarters is around 3.65%, suggesting that the company has been effectively utilizing its assets to generate profits.
Overall, Westinghouse Air Brake Technologies Corp's ROA performance indicates a relatively efficient use of assets to generate earnings, with a positive trend in recent quarters. It is essential for the company to sustain this upward momentum to ensure continued profitability and value creation for its stakeholders.
Peer comparison
Dec 31, 2023