Brunswick Corporation (BC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 420,400 | 677,000 | 593,300 | 372,700 | -131,000 |
| Total assets | US$ in thousands | 6,230,500 | 6,321,300 | 5,425,000 | 3,770,600 | 3,564,400 |
| ROA | 6.75% | 10.71% | 10.94% | 9.88% | -3.68% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $420,400K ÷ $6,230,500K
= 6.75%
Brunswick Corp.'s return on assets (ROA) has shown varying trends over the past five years. The ROA decreased from 2019 to 2020, falling from -3.68% to 9.88%, indicating a significant improvement in asset utilization and efficiency. This positive trend continued in the following years, with ROA peaking at 10.94% in 2021 and then slightly declining to 10.71% in 2022. However, there was a more noticeable decrease in ROA to 6.75% in 2023, suggesting a potential dip in the company's ability to generate profits relative to its total assets that year. Further analysis would be needed to understand the factors contributing to this decline and whether it is a short-term fluctuation or a more concerning trend in Brunswick Corp.'s financial performance.
Peer comparison
Dec 31, 2023