Belden Inc (BDC)
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 | 242,759 | 266,259 | 292,206 | 282,014 | 254,663 | 142,927 | 85,897 | 71,100 | 63,925 | 120,630 | 96,362 | -15,307 | -55,162 | -209,506 | -523,511 | -413,406 | -377,015 | -186,081 | 196,809 | 183,478 |
| Total assets | US$ in thousands | 3,240,190 | 3,129,400 | 3,145,330 | 3,066,780 | 3,161,680 | 2,960,500 | 3,026,020 | 3,003,270 | 3,417,680 | 3,335,180 | 3,269,930 | 3,147,670 | 3,139,730 | 3,036,080 | 3,177,030 | 972,258 | 3,406,760 | 3,442,000 | 3,822,980 | 3,757,960 |
| ROA | 7.49% | 8.51% | 9.29% | 9.20% | 8.05% | 4.83% | 2.84% | 2.37% | 1.87% | 3.62% | 2.95% | -0.49% | -1.76% | -6.90% | -16.48% | -42.52% | -11.07% | -5.41% | 5.15% | 4.88% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $242,759K ÷ $3,240,190K
= 7.49%
Based on the data provided for Belden Inc's Return on Assets (ROA) over the past eight quarters, there has been a fluctuation in the company's performance in utilizing its assets to generate profits.
In Q4 2023, Belden Inc recorded an ROA of 7.49%, showing a slight decrease from the previous quarter where it was 8.51%. However, despite this decrease, the company's ROA remains relatively strong when compared to earlier quarters.
Looking at the trend over the past year, Belden Inc's ROA has generally been on an upward trajectory. The company's ROA increased significantly from Q1 2022 (2.37%) to Q4 2022 (8.05%), indicating an improvement in its asset utilization efficiency.
Overall, Belden Inc's ROA performance demonstrates that the company has been able to more effectively generate profits from its assets in recent quarters. However, it is essential for the company to continue monitoring and improving its asset management to sustain and further enhance its profitability in the future.
Peer comparison
Dec 31, 2023