American Axle & Manufacturing (AXL)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 240,200 | 235,300 | 217,500 | 186,700 | 163,500 | 185,800 | 224,200 | 224,100 | 243,900 | 222,700 | 206,700 | 215,400 | 240,600 | 311,200 | 416,900 | 144,900 | -396,000 | -910,500 | -1,166,900 | -841,400 |
| Total assets | US$ in thousands | 5,059,900 | 5,328,300 | 5,336,700 | 5,371,100 | 5,356,300 | 5,475,000 | 5,507,400 | 5,452,900 | 5,469,400 | 5,679,600 | 5,768,700 | 5,725,000 | 5,635,700 | 5,642,500 | 5,844,900 | 5,936,900 | 5,916,300 | 5,942,100 | 6,055,000 | 6,186,700 |
| Operating ROA | 4.75% | 4.42% | 4.08% | 3.48% | 3.05% | 3.39% | 4.07% | 4.11% | 4.46% | 3.92% | 3.58% | 3.76% | 4.27% | 5.52% | 7.13% | 2.44% | -6.69% | -15.32% | -19.27% | -13.60% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $240,200K ÷ $5,059,900K
= 4.75%
American Axle & Manufacturing's operating return on assets (ROA) has shown a fluctuating trend over the past few years. The company experienced negative operating ROA figures in the fiscal periods ending in March 2020, June 2020, September 2020, and December 2020, indicating challenges in generating profits from its assets during that time.
However, there has been an improvement in the operating ROA performance from March 2021 onwards, with the metric turning positive. The company's operating ROA increased steadily throughout 2021 and into 2022, peaking at 7.13% in June 2021. Subsequently, the operating ROA figures stabilized around the 3-5% range from September 2021 to December 2024.
This trend suggests that American Axle & Manufacturing has been able to enhance its operational efficiency and profitability relative to its asset base over the analyzed period. The positive operating ROA values from 2021 onwards indicate that the company is generating earnings from its assets, potentially due to improved operational performance, cost management, or revenue generation strategies implemented during this period.
Peer comparison
Dec 31, 2024