Adient PLC (ADNT)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 18,000 | 74,000 | 158,000 | 213,000 | 205,000 | 115,000 | 12,000 | -54,000 | -120,000 | 795,000 | 754,000 | 904,000 | 1,108,000 | 112,000 | -142,000 | -230,000 | -547,000 | -515,000 | -511,000 | -641,000 |
| Total assets | US$ in thousands | 9,351,000 | 9,095,000 | 9,278,000 | 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 |
| ROA | 0.19% | 0.81% | 1.70% | 2.29% | 2.18% | 1.21% | 0.13% | -0.58% | -1.31% | 8.53% | 7.65% | 8.43% | 10.28% | 1.14% | -1.42% | -2.18% | -5.33% | -5.35% | -4.80% | -6.18% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $18,000K ÷ $9,351,000K
= 0.19%
The return on assets (ROA) of Adient PLC has shown considerable fluctuation over the historical period analyzed. In the most recent quarter, ending September 30, 2024, the ROA was 0.19%, indicating a relatively low return generated from its assets.
Looking back, the ROA had been more favorable in previous periods, such as June 30, 2024 (0.81%), March 31, 2024 (1.70%), and December 31, 2023 (2.29%). These higher ROA figures suggest that the company was more efficient in generating profits relative to its total assets in those quarters.
Conversely, Adient PLC had experienced negative ROA figures in some quarters, specifically in the last quarter of 2019 and throughout 2020, with the lowest ROA observed on December 31, 2019 (-6.18%). Negative ROA values are indicative of the company's assets not generating sufficient profits, which could be a cause for concern regarding operational efficiency or asset utilization during those periods.
Overall, the analysis suggests that Adient PLC has had varying levels of success in utilizing its assets to generate profits over the historical period, emphasizing the importance of consistently monitoring and improving asset efficiency to enhance overall financial performance.
Peer comparison
Sep 30, 2024