Amentum Holdings Inc. (AMTM)
Return on assets (ROA)
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | -82,000 | 233,000 | 223,000 |
| Total assets | US$ in thousands | 11,974,000 | 4,167,000 | 4,220,000 |
| ROA | -0.68% | 5.59% | 5.28% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $-82,000K ÷ $11,974,000K
= -0.68%
Based on the provided data, Amentum Holdings Inc.'s return on assets (ROA) has shown some fluctuations over the three reported periods. As of December 31, 2022, the company's ROA stood at 5.28%, which indicates that it generated a return of 5.28% on each dollar of assets during that period.
By December 31, 2023, Amentum Holdings Inc.'s ROA slightly increased to 5.59%, demonstrating a slight improvement in its efficiency in generating profits from its total assets. This suggests that the company was able to enhance its asset utilization and/or profitability during this period.
However, there was a significant decline in the company's ROA by September 30, 2024, dropping to -0.68%. A negative ROA implies that the company experienced a loss on its assets during that period, which could be concerning for investors and stakeholders.
Overall, Amentum Holdings Inc.'s ROA performance seems to have experienced variability, with a positive trend initially followed by a notable decline in profitability relative to its asset base. This downward trend in ROA may indicate potential inefficiencies in asset management or declining profitability, which could warrant further investigation into the company's operational performance and strategic direction.
Peer comparison
Sep 30, 2024