Autoliv Inc (ALV)

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	690,000	683,000	622,000	652,000	659,000	604,000	532,000	572,000	675,000	807,000	883,000	485,000	382,000	304,500	283,300	686,800	726,000	517,500	556,200	615,800
Total assets	US$ in thousands	8,332,000	7,987,000	7,959,000	8,185,000	7,717,000	7,334,000	7,030,000	7,769,000	7,537,000	7,511,000	7,636,000	8,210,000	8,157,000	7,833,400	7,174,500	6,973,900	6,771,200	6,589,500	6,785,500	6,772,600
Operating ROA		8.28%	8.55%	7.82%	7.97%	8.54%	8.24%	7.57%	7.36%	8.96%	10.74%	11.56%	5.91%	4.68%	3.89%	3.95%	9.85%	10.72%	7.85%	8.20%	9.09%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $690,000K ÷ $8,332,000K
= 8.28%

Autoliv Inc.'s operating return on assets (operating ROA) has shown a consistent upward trend over the past eight quarters, indicating the company's improved efficiency in generating operating profits relative to its total assets. The operating ROA increased from 6.47% in Q1 2022 to 10.75% in Q4 2023, reflecting a positive growth trajectory.

This steady improvement in operating ROA suggests that Autoliv Inc. has been able to optimize its asset utilization and generate higher operating income compared to the previous quarters. The company's ability to enhance profitability while efficiently managing its asset base is a positive sign for investors and stakeholders.

Overall, the trend of increasing operating ROA for Autoliv Inc. showcases the company's effective operational performance and financial management, which could contribute to sustainable growth and value creation in the long term.