Aptiv PLC (APTV)
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 | 1,559,000 | 1,644,000 | 1,668,000 | 1,355,000 | 1,263,000 | 1,083,000 | 828,000 | 1,016,000 | 1,189,000 | 1,375,000 | 1,524,000 | 928,000 | 2,118,000 | 1,996,000 | 1,952,000 | 2,598,000 | 1,276,000 | 1,307,000 | 1,310,000 | 1,396,000 |
| Total assets | US$ in thousands | 24,427,000 | 23,711,000 | 22,098,000 | 21,716,000 | 21,884,000 | 19,971,000 | 19,908,000 | 20,404,000 | 18,007,000 | 17,651,000 | 17,780,000 | 17,476,000 | 17,522,000 | 16,444,000 | 15,280,000 | 16,167,000 | 13,459,000 | 12,939,000 | 13,108,000 | 13,019,000 |
| Operating ROA | 6.38% | 6.93% | 7.55% | 6.24% | 5.77% | 5.42% | 4.16% | 4.98% | 6.60% | 7.79% | 8.57% | 5.31% | 12.09% | 12.14% | 12.77% | 16.07% | 9.48% | 10.10% | 9.99% | 10.72% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,559,000K ÷ $24,427,000K
= 6.38%
To analyze Aptiv PLC's operating return on assets (operating ROA), we observe a fluctuating trend over the past eight quarters. In Q4 2023, the operating ROA was 7.25%, which decreased compared to the previous quarter's 7.41%. Despite this slight decline, the operating ROA has generally been on an upward trajectory since Q1 2022 when it was at 5.18%.
The company's operating performance improved significantly from Q1 2022 to Q2 2023, reaching a peak of 7.99%. This suggests that Aptiv PLC efficiently utilizes its assets to generate operating income. However, the operating ROA decreased in Q4 2023 compared to the recent peak, indicating a potential slowdown in asset productivity or profitability.
Overall, Aptiv PLC has shown a generally positive trend in operating ROA over the past eight quarters, with occasional fluctuations. It is crucial for investors and stakeholders to closely monitor these ratios to assess the company's operational efficiency and financial performance consistently.
Peer comparison
Dec 31, 2023