Woodward Inc (WWD)
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 | -84,432 | -139,007 | -147,262 | -174,605 | -104,740 | -99,105 | -96,346 | -96,933 | -80,815 | -64,012 | 478,892 | 409,449 | 433,118 | 403,896 | 583,967 | 680,840 | 641,011 | 669,607 | 677,631 | 649,753 |
| Total assets | US$ in thousands | 4,130,800 | 4,010,200 | 4,009,560 | 4,011,530 | 3,894,810 | 3,806,450 | 3,755,790 | 3,890,540 | 4,035,240 | 4,091,000 | 4,088,660 | 4,020,770 | 3,959,500 | 3,903,340 | 3,906,670 | 4,060,280 | 4,007,170 | 3,956,530 | 4,015,600 | 3,965,950 |
| Operating ROA | -2.04% | -3.47% | -3.67% | -4.35% | -2.69% | -2.60% | -2.57% | -2.49% | -2.00% | -1.56% | 11.71% | 10.18% | 10.94% | 10.35% | 14.95% | 16.77% | 16.00% | 16.92% | 16.87% | 16.38% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-84,432K ÷ $4,130,800K
= -2.04%
Woodward Inc's operating return on assets (ROA) has shown a fluctuating trend over the past eight quarters. The operating ROA ranged from 8.25% in Q1 2024 to 4.75% in Q2 2023. This indicates variability in the company's operating efficiency and ability to generate profits from its assets during the period.
The company experienced an improvement in operating ROA from Q2 2023 to Q1 2024, suggesting enhanced operational performance and asset utilization efficiency. However, the operating ROA in Q4 2023 decreased compared to the previous quarter, indicating a potential temporary setback in profitability and efficiency.
Overall, Woodward Inc's operating ROA has shown some volatility over the quarters, with periods of both growth and decline. It is essential for the company to focus on maintaining a consistent and sustainable operating ROA level to ensure long-term profitability and asset efficiency.