The AES Corporation (AES)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 249,000 | -560,000 | -370,000 | -510,000 | -546,000 | -275,000 | -353,000 | -146,000 | -409,000 | 541,000 | -135,000 | -246,000 | 46,000 | -350,000 | 193,000 | 293,000 | 303,000 | 509,000 | 400,000 | 673,000 |
| Total assets | US$ in thousands | 44,799,000 | 43,161,000 | 41,505,000 | 39,357,000 | 38,363,000 | 37,775,000 | 36,070,000 | 34,648,000 | 32,963,000 | 35,030,000 | 34,727,000 | 35,203,000 | 34,603,000 | 34,267,000 | 34,566,000 | 34,142,000 | 33,648,000 | 33,423,000 | 33,238,000 | 33,471,000 |
| ROA | 0.56% | -1.30% | -0.89% | -1.30% | -1.42% | -0.73% | -0.98% | -0.42% | -1.24% | 1.54% | -0.39% | -0.70% | 0.13% | -1.02% | 0.56% | 0.86% | 0.90% | 1.52% | 1.20% | 2.01% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $249,000K ÷ $44,799,000K
= 0.56%
The return on assets (ROA) of AES Corp. has fluctuated over the past eight quarters. In Q4 2023, the ROA was 0.56%, showing a positive return on the company's assets. This is a significant improvement compared to the negative ROA values in the three preceding quarters, with Q1, Q2, and Q3 2023 having ROA values of -1.30%, -0.89%, and -1.30% respectively.
Looking back further, the ROA was also negative in Q4 2022 at -1.42%, indicating a decrease in the efficiency of asset utilization during that period. However, there was some improvement in the following quarters of 2022, with ROA values of -0.73%, -0.98%, and -0.42% in Q3, Q2, and Q1 respectively.
Overall, the recent positive ROA in Q4 2023 is a good sign for AES Corp., suggesting a better utilization of assets to generate profits. The company will need to continue monitoring and improving its asset efficiency to sustain and enhance its financial performance in the future.