Adient PLC (ADNT)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	92,000	85,000	145,000	22,000	-44,000	-134,000	-337,000	-354,000	-247,000	-62,000	298,000	10,000	-30,000	-333,000	-315,000	3,000	-443,000	-324,000	-1,874,000	-1,849,000
Total assets	US$ in thousands	9,297,000	9,424,000	9,482,000	9,479,000	9,273,000	9,158,000	9,315,000	9,854,000	10,719,000	10,778,000	9,804,000	9,975,000	10,544,000	10,261,000	9,619,000	10,646,000	10,364,000	10,342,000	10,574,000	10,574,000
Operating ROA		0.99%	0.90%	1.53%	0.23%	-0.47%	-1.46%	-3.62%	-3.59%	-2.30%	-0.58%	3.04%	0.10%	-0.28%	-3.25%	-3.27%	0.03%	-4.27%	-3.13%	-17.72%	-17.49%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $92,000K ÷ $9,297,000K
= 0.99%

The operating return on assets (operating ROA) of Adient plc has been fluctuating over the past eight quarters. The trend shows an improvement in recent quarters, with the operating ROA increasing from 2.28% in Q4 2022 to 5.22% in Q1 2024. This indicates that the company has been able to generate a higher operating profit relative to its total assets in the most recent quarter.

Overall, the operating ROA for Adient plc has shown positive growth momentum, indicating a potential improvement in the company's operational efficiency and profitability over the analyzed period. It is essential for investors and stakeholders to closely monitor this metric to assess the company's ability to efficiently utilize its assets to generate operating income.