Woodward Inc (WWD)
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 | 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 | 259,602 | 267,318 | 250,328 |
| 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 |
| ROA | 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% | 6.56% | 6.66% | 6.31% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $292,806K ÷ $4,130,800K
= 7.09%
Woodward Inc's return on assets (ROA) has shown a positive trend over the past quarters, increasing from 4.39% in Q1 2023 to 7.09% in Q1 2024. This indicates that the company has been more effective in generating profits relative to its assets. The average ROA for the period is 5.02%, with fluctuations but generally trending upwards. The upward trend suggests that Woodward Inc has been improving its efficiency in utilizing its assets to generate income. It is essential for investors and stakeholders to monitor this ratio to assess the company's ability to generate returns on its investments.