AGCO Corporation (AGCO)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -424,800 | 169,900 | 420,500 | 1,106,800 | 1,171,400 | 1,154,600 | 1,111,900 | 970,400 | 889,600 | 849,500 | 792,900 | 898,000 | 897,000 | 750,300 | 726,300 | 513,200 | 427,100 | 203,400 | 53,700 | 124,800 |
| Total assets | US$ in thousands | 11,190,600 | 13,506,800 | 13,614,800 | 13,459,900 | 11,421,200 | 11,351,100 | 11,394,000 | 10,811,600 | 10,103,700 | 9,818,100 | 9,888,900 | 9,876,500 | 9,182,100 | 8,941,900 | 8,863,300 | 8,312,300 | 8,504,200 | 7,940,300 | 7,778,000 | 7,705,700 |
| ROA | -3.80% | 1.26% | 3.09% | 8.22% | 10.26% | 10.17% | 9.76% | 8.98% | 8.80% | 8.65% | 8.02% | 9.09% | 9.77% | 8.39% | 8.19% | 6.17% | 5.02% | 2.56% | 0.69% | 1.62% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-424,800K ÷ $11,190,600K
= -3.80%
The return on assets (ROA) of AGCO Corporation has shown fluctuations over the observed period, ranging from a low of -3.80% on December 31, 2024, to a high of 10.26% on December 31, 2023. The ROA trend indicates a general increasing trend from 2020 to early 2024, with some significant peaks and troughs along the way.
AGCO Corporation's ROA reached its peak at 10.26% on December 31, 2023, reflecting efficient asset utilization to generate profits. However, there was a sharp decline in the subsequent quarters, with ROA dropping to 8.22% on March 31, 2024, followed by a significant decrease to 3.09% on June 30, 2024, and a further decline to -3.80% by December 31, 2024.
This downward trend in ROA from late 2023 to the end of 2024 could suggest potential concerns regarding the company's ability to generate profits relative to its total assets. Further analysis of the company's financial performance and operational efficiency during this period would be necessary to understand the drivers behind these fluctuations in ROA and to assess the impact on the overall financial health of AGCO Corporation.
Peer comparison
Dec 31, 2024