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Granite Construction Incorporated  (GVA)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services


Granite Construction Incorporated's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Granite Construction Incorporated's ROA in the fourth quarter of 2023?
Granite Construction Incorporated achieved a return on average assets (ROA) of 1.2 % in its fourth quarter of 2023, this is above GVA's average return on assets of 0.86%.
Granite Construction Incorporateds assets during the 12 months ending in the fourth quarter of 2023 are valued at $2 billion

Despite the company's net income deteriorating, Granite Construction Incorporated was able to improve its ROA compared to the third quarter of 2023.

However, within the Capital Goods sector 148 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 1519, from total ROA ranking in the third quarter of 2023 at 2446.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 29.81 % 7.11 % 3.76 % -8.91 % -15.33 %
Y / Y Net Income Change 669.55 % -17.02 % - - -91.3 %
Net Income (TTM) in million 30 11 22 63 79
Return On Assets (TTM) 1.2 % 0.46 % 1 % 2.81 % 3.45 %
GVA's Total Ranking # 1519 # 2446 # 2358 # 1738 # 1904
Total Assets (TTM) in million 2,816 2,581 2,377 2,079 2,169
Seq. Total Assets Change 9.08 % 8.57 % 14.37 % -4.16 % -10 %
Seq. Net Income Change -62.24 % - - - -95.93 %



Return On Assets Company Ranking
Within: No.
Industry # 41
Sector # 149
Overall # 1512

Return On Assets Statistics
High Average Low
4.88 %
0.86 %
-10.4 %
  (Mar 31 2021)





Financial Statements
Granite Construction Incorporated's Assets $ 2,816 million GVA's Balance sheet
Granite Construction Incorporated's Income $ 22 million Quarterly GVA's Income Statement
GVA's Income by Division See GVA's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
(Dec 31 2018)
FY 2018
Y / Y Total Assets Change 29.81 % -8.87 % -4.88 % 1.03 % 32.3 %
Total Assets in million 2,816 2,169 2,380 2,502 2,477
Y / Y Net Income Change -62.48 % - - - -29.1 %
Net Income in million 30 79 -166 -57 54
Return On Assets 1.05 % 3.64 % -6.98 % -2.27 % 2.17 %




Comment on GVA's ROA in the fiscal year ending 2023
In the fiscal year 2023 Granite Construction Incorporated's ROA decreased compared to previous year to 1.05 %, due to deterioration of net income -62.48 % to $29.59 million, from $78.86 million a year ago, as GVA's assets were $2,815.55 million.


More Return On Assets Ratios
GVA's' Return on Assets at Yahoo Finance
Construction Services Industry Return On Assets Trends and Statistics
Capital Goods Sector Roa Statistics
Roa Trends for overall market
GVA's Roa Ratio versus Construction Services Industry, Capital Goods Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for GVA's Competitors
Roa for Granite Construction Incorporated's Suppliers
Return On Assets for GVA's Customers

You may also want to know
GVA's Roi GVA's Inventory Turnover Ratio GVA's Growth Rates GVA's Dividend Comparisons
GVA's Profitability Ratios GVA's Asset Turnover Ratio GVA's Dividend Growth
GVA's Roe GVA's Valuation Ratios GVA's Financial Strength Ratios GVA's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Capital Goods Sector ROA
Vse Corporation  3.25 %
Astec Industries Inc   3.25 %
L3harris Technologies Inc   3.09 %
Willdan Group inc   2.72 %
Columbus Mckinnon Corporation  2.69 %
Concrete Pumping Holdings Inc   2.38 %
Energizer Holdings Inc   2.09 %
Trio tech International  2.03 %
Ameresco Inc   1.94 %
Amrep Corp   1.90 %
Fluor Corporation  1.81 %
Willis Lease Finance Corp  1.67 %
Ducommun Incorporated  1.45 %
Granite Construction Incorporated  1.20 %
Arts Way Manufacturing Co Inc  1.06 %
Aecom  0.99 %
Acorn Energy Inc   0.70 %
Kaman Corporation  0.52 %


Date modified: 2024-02-23T20:03:09+00:00


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