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Gates Industrial Corporation Stock

Gates Industrial Corporation ROA 2024

Gates Industrial Corporation ROA

0.03

Ticker

GTES

ISIN

GB00BD9G2S12

WKN

A2JCGV

In 2024, Gates Industrial Corporation's return on assets (ROA) was 0.03, a 4.57% increase from the 0.03 ROA in the previous year.

Gates Industrial Corporation Aktienanalyse

What does Gates Industrial Corporation do?

The Gates Industrial Corporation PLC is a multinational company with its headquarters in Denver, Colorado. The company was founded in 1911 by Charles Gates Sr. as the Gates Rubber Company, specializing in the production of tires and hoses for automobiles. Over time, the company expanded its offerings to include belts and hoses for industrial applications. In the 1990s, the company shifted its focus to drive belts and systems, fluid power products, and other industrial products. In 2018, the Gates Corporation was transformed into the Gates Industrial Corporation in order to better represent its diverse divisions. Today, the Gates Industrial Corporation PLC is a leading provider of drive belts, accessories, and systems for the automotive, industry, climate, and energy sectors. Drive belts are the company's core business, used to power and control machinery, equipment, and vehicles. The range of belts includes V-belts, timing belts, and multi-rib belts, available in various sizes and materials. Tensioners and idlers are also offered to ensure optimal performance. In addition, the company offers other products such as hydraulic and pneumatic hoses, fluid control components, seals, couplings, and other industrial products. These are used in various industries, including aerospace, energy, construction, transportation, agriculture, and food. A key aspect of Gates Industrial Corporation's business model is its close collaboration with customers. The company strives to provide tailored solutions to meet their individual requirements, taking into account the overall demand for drive and fluid power products to optimize the machine lifecycle and meet user needs. Sustainability is another important aspect of the company. Gates Industrial Corporation aims to use sustainability as a driver for innovation and growth. The company works towards promoting environmentally friendly production and reducing material and energy consumption. The products are designed to be cost-effective, energy-efficient, and durable, in order to reduce environmental impact. Overall, the Gates Industrial Corporation PLC is an established company with a long history and a wide-ranging offering. While drive belts are the core of its operations, the company's innovation in modern solutions for the energy industry demonstrates its preparedness for the future. Gates Industrial Corporation ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Gates Industrial Corporation's Return on Assets (ROA)

Gates Industrial Corporation's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Gates Industrial Corporation's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Gates Industrial Corporation's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Gates Industrial Corporation’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Gates Industrial Corporation stock

What is the Return on Assets (ROA) of Gates Industrial Corporation this year?

The Return on Assets (ROA) of Gates Industrial Corporation is 0.03 undefined this year.

What was the ROA of Gates Industrial Corporation compared to the previous year?

The ROA of Gates Industrial Corporation has increased by 4.57% compared to the previous year.

What consequences do high ROA have for investors of Gates Industrial Corporation?

A high ROA is advantageous for investors of Gates Industrial Corporation, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Gates Industrial Corporation?

A low ROA can be unfavorable for investors of Gates Industrial Corporation as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Gates Industrial Corporation affect the company?

An increase in ROA of Gates Industrial Corporation can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Gates Industrial Corporation impact the company?

A reduction in the ROA of Gates Industrial Corporation can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Gates Industrial Corporation?

Some factors that can influence the ROA of Gates Industrial Corporation include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Gates Industrial Corporation important for investors?

The ROA of Gates Industrial Corporation is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Gates Industrial Corporation take to improve ROA?

To improve ROA, Gates Industrial Corporation can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Gates Industrial Corporation pay?

Over the past 12 months, Gates Industrial Corporation paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Gates Industrial Corporation is expected to pay a dividend of 0 USD.

What is the dividend yield of Gates Industrial Corporation?

The current dividend yield of Gates Industrial Corporation is .

When does Gates Industrial Corporation pay dividends?

Gates Industrial Corporation pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Gates Industrial Corporation?

Gates Industrial Corporation paid dividends every year for the past 0 years.

What is the dividend of Gates Industrial Corporation?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Gates Industrial Corporation located?

Gates Industrial Corporation is assigned to the 'Industry' sector.

Wann musste ich die Aktien von Gates Industrial Corporation kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Gates Industrial Corporation from 9/10/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 9/10/2024.

When did Gates Industrial Corporation pay the last dividend?

The last dividend was paid out on 9/10/2024.

What was the dividend of Gates Industrial Corporation in the year 2023?

In the year 2023, Gates Industrial Corporation distributed 0 USD as dividends.

In which currency does Gates Industrial Corporation pay out the dividend?

The dividends of Gates Industrial Corporation are distributed in USD.

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Andere Kennzahlen von Gates Industrial Corporation

Our stock analysis for Gates Industrial Corporation Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Gates Industrial Corporation Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.