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.