Barnes Group Inc (B)
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 | 15,997 | 24,349 | 63,058 | 6,154 | 13,479 | 26,048 | 36,932 | 100,975 | 99,873 | 89,453 | 76,948 | 53,024 | 63,375 | 86,631 | 117,042 | 154,091 | 158,350 | 156,206 | 149,546 | 161,359 |
| Total assets | US$ in thousands | 3,308,010 | 3,277,330 | 2,440,680 | 2,444,370 | 2,413,700 | 2,311,050 | 2,401,100 | 2,555,360 | 2,576,800 | 2,586,590 | 2,626,870 | 2,600,260 | 2,676,200 | 2,610,120 | 2,588,500 | 2,667,600 | 2,738,300 | 2,707,910 | 2,795,240 | 2,799,680 |
| ROA | 0.48% | 0.74% | 2.58% | 0.25% | 0.56% | 1.13% | 1.54% | 3.95% | 3.88% | 3.46% | 2.93% | 2.04% | 2.37% | 3.32% | 4.52% | 5.78% | 5.78% | 5.77% | 5.35% | 5.76% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $15,997K ÷ $3,308,010K
= 0.48%
Based on the provided data for Barnes Group Inc.'s return on assets (ROA) over the past eight quarters, we can observe fluctuations in the company's profitability relative to its total assets. The ROA ranged from a low of 0.25% in Q1 2023 to a high of 3.95% in Q1 2022.
The trend in ROA indicates a decline in profitability from Q1 2022 to Q1 2023, potentially signaling challenges in generating earnings from the company's assets during this period. The peak ROA of 3.95% in Q1 2022 suggests a strong performance in utilizing assets to generate profits, while the subsequent decrease to 0.25% in Q1 2023 indicates a significant drop in efficiency.
Overall, the variability in ROA for Barnes Group Inc. suggests the need for further investigation into the factors impacting the company's ability to generate returns from its assets consistently. Potential factors could include changes in operating efficiency, asset utilization, profitability, or external market conditions. Further analysis and comparison with industry peers may provide additional insights into the company's financial performance and asset management strategies.
Peer comparison
Dec 31, 2023