The Andersons Inc (ANDE)
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 | 101,190 | 59,028 | 86,068 | 110,827 | 131,080 | 151,698 | 130,688 | 94,382 | 103,986 | 90,335 | 73,539 | 60,479 | 7,710 | -1,632 | -4,811 | -5,362 | 18,307 | 35,411 | 37,550 | 29,191 |
| Total assets | US$ in thousands | 3,855,010 | 3,588,100 | 3,570,050 | 4,102,040 | 4,608,000 | 4,418,620 | 4,737,180 | 5,142,940 | 4,569,220 | 3,708,140 | 4,049,090 | 4,266,740 | 4,272,120 | 3,411,610 | 3,303,990 | 3,752,690 | 3,900,740 | 3,284,450 | 3,571,860 | 3,660,250 |
| ROA | 2.62% | 1.65% | 2.41% | 2.70% | 2.84% | 3.43% | 2.76% | 1.84% | 2.28% | 2.44% | 1.82% | 1.42% | 0.18% | -0.05% | -0.15% | -0.14% | 0.47% | 1.08% | 1.05% | 0.80% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $101,190K ÷ $3,855,010K
= 2.62%
Andersons Inc.'s return on assets (ROA) has shown fluctuating trends over the past eight quarters. The ROA for Q4 2023 was 2.62%, a slight decrease from the previous quarter's 1.65%. This suggests that the company was less effective in generating profits from its assets in Q4 compared to Q3.
The ROA for Q4 2023 (2.62%) was also lower than the ROA from a year ago in Q4 2022 (2.84%). This indicates a slight decline in the company's efficiency in utilizing its assets to generate earnings over the year.
Overall, the ROA of Andersons Inc. has displayed variations over the analyzed period, with some quarters showing higher efficiency in asset utilization (e.g., Q3 2022 at 3.43%) compared to others. It would be beneficial to further investigate the factors influencing these fluctuations to understand the company's operational performance and financial health.
Peer comparison
Dec 31, 2023