Watts Water Technologies Inc (WTS)
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 | 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 | 131,500 | 132,000 | 131,200 | 130,800 |
| Total assets | US$ in thousands | 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 | 1,723,100 | 1,696,300 | 1,678,400 | 1,683,400 |
| ROA | 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% | 7.63% | 7.78% | 7.82% | 7.77% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $262,100K ÷ $2,309,400K
= 11.35%
Watts Water Technologies, Inc.'s return on assets (ROA) has shown a generally positive trend over the quarters provided. The ROA has been consistently increasing from 9.38% in Q1 2022 to 13.63% in Q3 2023 before slightly decreasing to 11.35% in Q4 2023. This indicates that the company has been effectively utilizing its assets to generate profits.
The improvement in ROA can reflect enhanced operational efficiency, effective asset management, or increased profitability. It suggests that Watts Water Technologies, Inc. has been successful in generating earnings relative to its total assets, which is a positive indicator for investors and stakeholders.
Overall, the upward trend in ROA suggests that Watts Water Technologies, Inc. has been efficiently using its assets to generate profit and create value for its shareholders. However, it is important to monitor future quarters to assess the sustainability of this trend and potential factors influencing the company's performance.
Peer comparison
Dec 31, 2023