Brinks Company (BCO)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 87,700 | 170,600 | 105,200 | 16,000 | 29,000 |
| Total assets | US$ in thousands | 6,601,800 | 6,366,000 | 5,566,700 | 5,135,600 | 3,763,800 |
| ROA | 1.33% | 2.68% | 1.89% | 0.31% | 0.77% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $87,700K ÷ $6,601,800K
= 1.33%
Over the past five years, Brink's Co.'s Return on Assets (ROA) has shown some fluctuation. In 2023, the ROA decreased to 1.33% from 2.68% in 2022, indicating that the company generated $0.0133 in net income for every dollar of assets. This decline suggests a less efficient utilization of assets to generate profits compared to the previous year.
However, when compared to 2021 and 2020, the ROA in 2023 is higher, which indicates an improvement in asset utilization efficiency. In 2021, the ROA was 1.89%, a slight decrease from 2020 when it was 0.31%. This substantial increase suggests that Brink's Co. significantly improved its ability to generate profits from its assets in 2021.
Looking further back to 2019, the ROA was 0.77%, which shows that the company has been able to consistently enhance its asset efficiency over the years, albeit with some fluctuations. Overall, Brink's Co. has shown a mixed performance in terms of ROA, with room for improvement in ensuring optimal utilization of assets to generate profits.
Peer comparison
Dec 31, 2023