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.
Peer comparison
Dec 31, 2023