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Thermon Group Holdings - Stock

Thermon Group Holdings ROA 2024

Thermon Group Holdings ROA

0.07

Ticker

THR

ISIN

US88362T1034

WKN

A1H99U

In 2024, Thermon Group Holdings's return on assets (ROA) was 0.07, a 112.85% increase from the 0.03 ROA in the previous year.

Thermon Group Holdings Aktienanalyse

What does Thermon Group Holdings do?

Thermon Group Holdings Inc is a US-based company specializing in the manufacturing of industrial heat transfer systems. The company was founded in 1954 under the name Thermon Manufacturing Company and has since grown to become a leading manufacturer of electric heating systems for various industries. In 2010, it was listed on the New York Stock Exchange as Thermon Group Holdings. Thermon Group Holdings' business model is based on the manufacturing and sale of heat transfer systems for various industries, including petrochemicals, food and beverage, pharmaceuticals, and semiconductors. The company operates in over 30 countries worldwide, with sales and manufacturing locations in North America, Europe, Asia, and Australia. Thermon Group Holdings offers a wide range of products tailored to the needs of each industry. These include electric heating cable systems, pipe heating systems, heating tapes, and heating mats, which can be used in various applications. For example, pipe heating systems are used in oil and gas production to ensure the flow of liquids in pipelines and avoid problems caused by freezing. Electric heating cable systems are essential in the food industry to regulate the temperature of tanks and pipelines, ensuring the quality of the food. The company divides its business segments into three categories: Solutions, Products, and Services. In the Solutions segment, Thermon Group Holdings provides customized heat transfer solutions tailored to specific customer requirements. In the Products segment, the company produces a wide range of heat transfer products. In the Services segment, the company offers various services such as installation, maintenance, and repair of heat transfer systems. Over the years, Thermon Group Holdings has also positioned itself in the market through acquisitions. In 2019, the company acquired its competitor CCI Thermal Technologies to expand its product range and strengthen its market position. Overall, Thermon Group Holdings is a leading manufacturer of heat transfer systems for the industry, offering customized solutions to its customers through its wide range of products and global presence. The company aims to bring innovative products and services to the market to meet the heat transfer needs of customers worldwide. Thermon Group Holdings ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Thermon Group Holdings's Return on Assets (ROA)

Thermon Group Holdings'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 Thermon Group Holdings'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 Thermon Group Holdings'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 Thermon Group Holdings’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 Thermon Group Holdings Stock

What is the Return on Assets (ROA) of Thermon Group Holdings this year?

The Return on Assets (ROA) of Thermon Group Holdings is 0.07 undefined this year.

What was the ROA of Thermon Group Holdings compared to the previous year?

The ROA of Thermon Group Holdings has increased by 112.85% compared to the previous year.

What consequences do high ROA have for investors of Thermon Group Holdings?

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

What are the consequences of low ROA for investors in Thermon Group Holdings?

A low ROA can be unfavorable for investors of Thermon Group Holdings 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 Thermon Group Holdings affect the company?

An increase in ROA of Thermon Group Holdings can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Thermon Group Holdings impact the company?

A reduction in the ROA of Thermon Group Holdings can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Thermon Group Holdings?

Some factors that can influence the ROA of Thermon Group Holdings include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Thermon Group Holdings important for investors?

The ROA of Thermon Group Holdings 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 Thermon Group Holdings take to improve ROA?

To improve ROA, Thermon Group Holdings 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 Thermon Group Holdings pay?

Over the past 12 months, Thermon Group Holdings paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Thermon Group Holdings is expected to pay a dividend of 0 USD.

What is the dividend yield of Thermon Group Holdings?

The current dividend yield of Thermon Group Holdings is .

When does Thermon Group Holdings pay dividends?

Thermon Group Holdings pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Thermon Group Holdings?

Thermon Group Holdings paid dividends every year for the past 0 years.

What is the dividend of Thermon Group Holdings?

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

In which sector is Thermon Group Holdings located?

Thermon Group Holdings is assigned to the 'Industry' sector.

Wann musste ich die Aktien von Thermon Group Holdings kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Thermon Group Holdings from 6/27/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 6/27/2024.

When did Thermon Group Holdings pay the last dividend?

The last dividend was paid out on 6/27/2024.

What was the dividend of Thermon Group Holdings in the year 2023?

In the year 2023, Thermon Group Holdings distributed 0 USD as dividends.

In which currency does Thermon Group Holdings pay out the dividend?

The dividends of Thermon Group Holdings are distributed in USD.

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Andere Kennzahlen von Thermon Group Holdings

Our stock analysis for Thermon Group Holdings 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 Thermon Group Holdings Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.