Aptiv PLC (APTV)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,938,000 | 594,000 | 590,000 | 1,804,000 | 990,000 |
| Total assets | US$ in thousands | 24,427,000 | 21,884,000 | 18,007,000 | 17,522,000 | 13,459,000 |
| ROA | 12.03% | 2.71% | 3.28% | 10.30% | 7.36% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,938,000K ÷ $24,427,000K
= 12.03%
ROA, a key profitability ratio, indicates how effectively a company is generating profits from its assets. Aptiv PLC's ROA has shown significant fluctuations over the past five years. In 2023, the ROA improved substantially to 11.91% from 2.43% in 2022 and 2.93% in 2021. This suggests a notable increase in the company's profitability relative to its assets utilization. The ROA peaked at 10.10% in 2020 and stood at 7.36% in 2019. Overall, Aptiv PLC has demonstrated an ability to enhance its profitability in 2023 compared to the preceding years, reflecting potentially improved asset management or higher net income generation.
Peer comparison
Dec 31, 2023