American Axle & Manufacturing (AXL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 35,000 | 29,600 | 2,200 | -8,000 | -38,700 | -5,700 | 38,200 | 53,100 | 64,300 | 4,100 | -24,800 | -31,700 | 5,900 | 88,200 | 207,800 | -21,400 | -561,300 | -1,051,700 | -1,293,100 | -1,027,400 |
| 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 |
| ROA | 0.69% | 0.56% | 0.04% | -0.15% | -0.72% | -0.10% | 0.69% | 0.97% | 1.18% | 0.07% | -0.43% | -0.55% | 0.10% | 1.56% | 3.56% | -0.36% | -9.49% | -17.70% | -21.36% | -16.61% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $35,000K ÷ $5,059,900K
= 0.69%
The return on assets (ROA) of American Axle & Manufacturing has demonstrated significant fluctuations over the past few years. The ROA ranged from negative percentages in the early quarters of 2020 and 2021 to positive percentages by the end of 2021 and into 2024.
The company experienced a recovery in its ROA starting from June 2021, showing a positive trend through September 2021 and peaking at 3.56% in June 2021. However, there were some fluctuations thereafter, with the ROA declining slightly in some quarters but remaining positive overall.
In the most recent quarterly data available, the ROA stood at 0.69% by December 2024. This indicates that for every dollar in assets held by the company, it generated a return of 0.69 cents during that quarter.
Overall, the trend in ROA for American Axle & Manufacturing suggests a mix of challenges and improvements in the company's asset utilization and profitability over the analyzed period. It would be essential to further investigate the reasons behind these fluctuations to understand the factors driving the company's financial performance.
Peer comparison
Dec 31, 2024