Allegheny Technologies Incorporated (ATI)
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 | 367,500 | 298,700 | 284,100 | 170,100 | 130,900 | 24,200 | 11,800 | 600 | -38,200 | -1,129,400 | -1,228,200 | -1,601,600 | -1,572,600 | -395,100 | -234,000 | 263,700 | 257,600 | 242,200 | 181,700 | 179,400 |
| Total assets | US$ in thousands | 4,985,100 | 4,731,100 | 4,434,700 | 4,287,300 | 4,445,600 | 4,287,800 | 4,229,400 | 4,236,100 | 4,285,200 | 4,626,500 | 3,974,000 | 4,068,500 | 4,034,900 | 5,063,900 | 5,169,400 | 5,807,100 | 5,634,600 | 5,628,900 | 5,549,300 | 5,491,000 |
| ROA | 7.37% | 6.31% | 6.41% | 3.97% | 2.94% | 0.56% | 0.28% | 0.01% | -0.89% | -24.41% | -30.91% | -39.37% | -38.97% | -7.80% | -4.53% | 4.54% | 4.57% | 4.30% | 3.27% | 3.27% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $367,500K ÷ $4,985,100K
= 7.37%
ATI Inc's return on assets (ROA) has been showing a positive trend over the past eight quarters, indicating an improvement in the company's ability to generate profits relative to its total assets. The ROA increased from 0.01% in Q1 2022 to 8.24% in Q4 2023, reflecting a significant growth in profitability efficiency.
The ROA values fluctuated throughout the quarters, with some quarters showing more substantial increases compared to others. The company experienced a notable jump in ROA from Q3 2022 to Q4 2022, signaling an enhanced utilization of assets to generate earnings during that period.
Overall, the consistent improvement in ROA suggests that ATI Inc has been effectively managing its assets to drive profitability over the quarters analyzed. Investors and stakeholders can view this trend positively as it indicates the company's ability to generate returns on its investments. However, further analysis, in conjunction with other financial metrics, would provide a more comprehensive understanding of the company's financial performance and sustainability.