What is Caterpillar Inc's ROA in the fourth quarter of 2023?
Caterpillar Inc achieved a return on average assets (ROA) of
10.5 % in its fourth quarter of 2023, this is above CAT's average return on assets of 5.49%.
Caterpillar Incs assets during the 12 months ending in the fourth quarter of 2023 are valued at $98 billion
Despite the company's net income deteriorating, Caterpillar Inc was able to improve its ROA compared to the third quarter of 2023.
However, within the
Capital Goods sector 42 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to
345, from total ROA ranking in the third quarter of 2023 at
539.
What is ROA?