BorgWarner Inc (BWA)
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 | 625,000 | 725,000 | 950,000 | 962,000 | 945,000 | 820,000 | 641,000 | 672,000 | 537,000 | 766,000 | 781,000 | 436,000 | 500,000 | 362,000 | 445,000 | 715,000 | 746,000 | 756,000 | 766,000 | 866,000 |
| Total assets | US$ in thousands | 14,453,000 | 14,104,000 | 17,317,000 | 17,117,000 | 16,994,000 | 16,077,000 | 16,144,000 | 16,678,000 | 16,575,000 | 16,491,000 | 16,863,000 | 15,971,000 | 16,029,000 | 10,892,000 | 10,337,000 | 9,502,000 | 9,702,000 | 10,199,000 | 10,231,000 | 10,104,000 |
| ROA | 4.32% | 5.14% | 5.49% | 5.62% | 5.56% | 5.10% | 3.97% | 4.03% | 3.24% | 4.64% | 4.63% | 2.73% | 3.12% | 3.32% | 4.30% | 7.52% | 7.69% | 7.41% | 7.49% | 8.57% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $625,000K ÷ $14,453,000K
= 4.32%
To analyze BorgWarner Inc's return on assets (ROA) based on the provided data, we can observe a fluctuating trend over the past eight quarters. The ROA ranged from 3.97% to 5.61% during this period.
In Q1 2022, the ROA was at 4.03%, which slightly increased to 5.09% in Q2 2022. Subsequently, there was a dip in Q3 2022 to 3.97%, followed by an upward trend in Q4 2022 to 5.55%. In the first quarter of 2023, there was a slight decrease in ROA to 5.48%, and further declines in Q2 and Q3 2023 to 5.15% and 4.32%, respectively. The most recent data point, Q4 2023, shows a ROA of 4.32%.
Overall, BorgWarner Inc's ROA has shown some variability, with fluctuations indicating changes in efficiency in generating profits from its assets over the quarters. Further examination and contextual information would be necessary to provide deeper insights into the factors driving these fluctuations and to assess the overall profitability and performance of the company.
Peer comparison
Dec 31, 2023