Aptiv PLC (APTV)
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 | 2,938,000 | 2,282,000 | 954,000 | 667,000 | 594,000 | 376,000 | 176,000 | 384,000 | 590,000 | 858,000 | 1,056,000 | 527,000 | 1,804,000 | 1,735,000 | 1,682,000 | 2,322,000 | 990,000 | 1,007,000 | 983,000 | 1,000,000 |
| 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 |
| ROA | 12.03% | 9.62% | 4.32% | 3.07% | 2.71% | 1.88% | 0.88% | 1.88% | 3.28% | 4.86% | 5.94% | 3.02% | 10.30% | 10.55% | 11.01% | 14.36% | 7.36% | 7.78% | 7.50% | 7.68% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,938,000K ÷ $24,427,000K
= 12.03%
Aptiv PLC's return on assets (ROA) has shown a positive trend over the past eight quarters. The ROA increased from 1.57% in Q1 2022 to 11.91% in Q4 2023, indicating a significant improvement in the company's ability to generate profit relative to its assets.
The consistent upward trend in ROA suggests that Aptiv PLC is becoming more efficient in utilizing its assets to generate earnings. This could be attributed to improved operational efficiency, better asset management, or strategic initiatives that have driven profitability.
The latest ROA of 11.91% in Q4 2023 is particularly notable, reflecting a strong performance in utilizing its assets to generate income. It indicates that the company is effectively leveraging its resources to maximize profitability for its investors.
Overall, the increasing trend in ROA for Aptiv PLC is a positive indicator of the company's financial health and efficiency in generating returns from its assets.
Peer comparison
Dec 31, 2023