American Axle & Manufacturing (AXL)

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	-33,600	-600	43,300	58,200	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	-484,500	-391,900	-203,900	-105,300
Total assets	US$ in thousands	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	6,644,600	7,316,300	7,547,900	7,615,500
ROA		-0.63%	-0.01%	0.79%	1.07%	1.18%	0.07%	-0.43%	-0.55%	0.10%	1.56%	3.56%	-0.36%	-9.49%	-17.70%	-21.36%	-16.61%	-7.29%	-5.36%	-2.70%	-1.38%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-33,600K ÷ $5,356,300K
= -0.63%

The return on assets (ROA) for American Axle & Manufacturing Holdings Inc has been fluctuating over the past eight quarters. The company experienced negative ROA values in Q4 2023 and Q2 2022, indicating that the company's net income generated from its assets was insufficient to cover the assets' costs in those periods.

In Q1 2023 and Q4 2022, the ROA values were above 1%, suggesting that the company was able to generate healthy returns from its assets during those quarters. However, the ROA values were relatively low in Q3 2023, Q3 2022, and Q1 2022, indicating that the company's asset efficiency and profitability were relatively weaker during those periods.

Overall, the fluctuating ROA values suggest that American Axle & Manufacturing Holdings Inc may need to focus on improving its asset management strategies and operational efficiency to enhance its overall financial performance.