Brunswick Corporation (BC)
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 | 420,400 | 501,200 | 552,500 | 615,100 | 677,000 | 636,800 | 616,100 | 598,200 | 593,300 | 586,900 | 581,700 | 473,000 | 372,700 | 344,700 | -32,500 | -25,700 | -131,000 | -154,700 | 154,600 | 156,100 |
| Total assets | US$ in thousands | 6,230,500 | 6,100,900 | 6,290,100 | 6,288,600 | 6,321,300 | 6,124,900 | 6,166,500 | 6,093,000 | 5,425,000 | 5,180,600 | 4,138,500 | 3,943,200 | 3,770,600 | 3,690,800 | 3,739,100 | 3,904,600 | 3,564,400 | 3,654,400 | 4,040,800 | 4,334,900 |
| ROA | 6.75% | 8.22% | 8.78% | 9.78% | 10.71% | 10.40% | 9.99% | 9.82% | 10.94% | 11.33% | 14.06% | 12.00% | 9.88% | 9.34% | -0.87% | -0.66% | -3.68% | -4.23% | 3.83% | 3.60% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $420,400K ÷ $6,230,500K
= 6.75%
The return on assets (ROA) for Brunswick Corp. has shown a declining trend over the past year, decreasing from 10.71% in Q4 2022 to 6.75% in Q4 2023. This indicates that the company's ability to generate profits from its assets has weakened. However, the ROA improved in Q3 2023 to 8.22% before reaching its peak in Q2 2023 at 8.78%.
Despite the fluctuations, the ROA figures have generally remained above 8% since Q2 2022, suggesting that Brunswick Corp. has been efficient in utilizing its assets to generate profits during this period. The gradual decline seen in the most recent quarters could be a cause for concern and may warrant further investigation into the factors influencing the company's asset utilization efficiency. Further analysis and comparison with industry benchmarks would provide a clearer picture of Brunswick Corp.'s performance in this aspect.
Peer comparison
Dec 31, 2023