Brinks Company (BCO)

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	87,700	137,700	111,300	114,300	170,600	175,200	175,000	163,800	105,200	80,800	37,900	26,900	16,000	-11,800	17,500	17,100	29,000	66,500	78,500	-41,900
Total assets	US$ in thousands	6,601,800	6,264,800	6,411,400	6,253,100	6,366,000	5,933,400	5,823,100	5,750,400	5,566,700	5,552,900	5,578,400	5,190,500	5,135,600	4,903,100	4,771,200	3,800,900	3,763,800	3,702,600	3,732,400	3,602,000
ROA		1.33%	2.20%	1.74%	1.83%	2.68%	2.95%	3.01%	2.85%	1.89%	1.46%	0.68%	0.52%	0.31%	-0.24%	0.37%	0.45%	0.77%	1.80%	2.10%	-1.16%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $87,700K ÷ $6,601,800K
= 1.33%

To analyze Brink`s Co. return on assets (ROA) based on the provided data, we observe a fluctuating trend over the past eight quarters. The ROA percentages have ranged from a low of 1.33% in Q4 2023 to a high of 3.01% in Q3 2022.

The ROA indicates the company's ability to generate profit from its assets, with a higher percentage suggesting better efficiency in asset utilization. The decreasing trend from Q3 2022 to Q4 2023 may reflect challenges in generating earnings relative to the total assets employed during this period.

Overall, it is essential for Brinks Co. to closely monitor and manage its asset utilization to maintain or improve its ROA, as it is a key metric in evaluating the company's operational efficiency and profitability.