Woodward Inc (WWD)
Return on assets (ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 372,971 | 372,327 | 354,851 | 292,806 | 232,368 | 203,757 | 158,604 | 170,999 | 171,698 | 167,562 | 176,977 | 197,384 | 208,649 | 215,983 | 205,587 | 228,592 | 240,395 | 249,952 | 277,594 | 263,855 |
| Total assets | US$ in thousands | 4,368,920 | 4,320,310 | 4,366,260 | 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 |
| ROA | 8.54% | 8.62% | 8.13% | 7.09% | 5.79% | 5.08% | 3.95% | 4.39% | 4.51% | 4.46% | 4.55% | 4.89% | 5.10% | 5.28% | 5.11% | 5.77% | 6.16% | 6.40% | 6.84% | 6.58% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $372,971K ÷ $4,368,920K
= 8.54%
Woodward Inc's return on assets (ROA) has shown a generally positive trend over the past few quarters. ROA increased steadily from 6.58% in Dec 2019 to a peak of 8.62% in Jun 2024, indicating improved efficiency in generating profits relative to its asset base. The company's ability to generate a return of 8.62% on its assets in the latest quarter suggests effective asset utilization and management. However, there was a slight dip to 8.54% in the most recent quarter (Sep 2024), which may warrant further monitoring to understand if this is a temporary fluctuation or the start of a new trend. Overall, Woodward Inc appears to be efficiently utilizing its assets to generate returns for its shareholders, but ongoing evaluation of ROA is recommended to assess the company's operational performance.