Watts Water Technologies Inc (WTS)
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 | 291,200 | 279,400 | 276,100 | 270,000 | 262,100 | 275,000 | 267,900 | 261,700 | 251,500 | 223,000 | 210,700 | 178,500 | 165,700 | 154,800 | 141,300 | 124,000 | 114,300 | 116,900 | 116,300 | 132,500 |
| Total assets | US$ in thousands | 2,397,000 | 2,399,100 | 2,383,300 | 2,332,400 | 2,309,400 | 2,017,600 | 2,004,400 | 1,990,000 | 1,930,900 | 1,885,600 | 1,934,300 | 1,903,300 | 1,855,600 | 1,863,200 | 1,855,300 | 1,784,400 | 1,738,200 | 1,709,000 | 1,648,300 | 1,767,400 |
| ROA | 12.15% | 11.65% | 11.58% | 11.58% | 11.35% | 13.63% | 13.37% | 13.15% | 13.03% | 11.83% | 10.89% | 9.38% | 8.93% | 8.31% | 7.62% | 6.95% | 6.58% | 6.84% | 7.06% | 7.50% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $291,200K ÷ $2,397,000K
= 12.15%
Watts Water Technologies Inc's return on assets (ROA) has shown a generally increasing trend over the period from March 31, 2020, to December 31, 2024. The ROA started at 7.50% in March 2020 and experienced fluctuations in the following quarters, ranging from a low of 6.58% in December 2020 to a high of 13.15% in March 2023.
From March 2023 onwards, the ROA consistently remained above 10%, indicating an improvement in the company's ability to generate profit from its assets. The highest ROA was recorded at 13.63% in September 2023. However, there was a slight decline in the ROA in December 2023 and a further decrease in the following quarters up to June 2024.
Overall, the ROA of Watts Water Technologies Inc has shown resilience and growth over the period, with occasional fluctuations. It is important for the company to continue monitoring and managing its assets efficiently to sustain and improve its profitability in the future.
Peer comparison
Dec 31, 2024