CNH Industrial N.V. (CNH)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,957,000 | 4,291,000 | 4,610,000 | 4,719,000 | 4,681,000 | 4,574,000 | 4,293,000 | 4,039,000 | 3,639,000 | 3,433,000 | 3,459,000 | 3,605,000 | 4,011,000 | 3,728,000 | 1,543,000 | 781,000 | 684,000 | 492,000 | 2,419,000 | 2,803,000 |
| Total assets | US$ in thousands | 44,033,000 | 43,959,000 | 45,726,000 | 46,267,000 | 43,041,000 | 42,687,000 | 40,566,000 | 39,381,000 | 35,844,000 | 35,648,000 | 36,485,000 | 6,789,000 | 47,693,000 | 49,222,000 | 46,705,000 | 48,719,000 | 45,069,000 | 45,019,000 | 43,913,000 | 47,352,000 |
| Operating ROA | 8.99% | 9.76% | 10.08% | 10.20% | 10.88% | 10.72% | 10.58% | 10.26% | 10.15% | 9.63% | 9.48% | 53.10% | 8.41% | 7.57% | 3.30% | 1.60% | 1.52% | 1.09% | 5.51% | 5.92% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,957,000K ÷ $44,033,000K
= 8.99%
Operating return on assets (operating ROA) is a key financial metric that indicates a company's efficiency in generating profit from its assets used in operations. Looking at the data for CNH Industrial N.V. over the recent quarters, we see fluctuations in the operating ROA.
The operating ROA for CNH Industrial N.V. has varied between 1.09% and 10.88% over the past two years. The company's performance peaked at 53.10% in the fourth quarter of 2021 but dropped significantly in the subsequent periods. This sharp decline suggests a possible anomaly or one-time event influencing the data in that quarter.
Generally, an upward trend in the operating ROA indicates improved profitability relative to the assets employed. In contrast, a downward trend may signal inefficiencies or decreasing returns on assets. It is essential to assess the reasons behind these fluctuations, including changes in the company's operating efficiency, asset management, or overall business performance.
Analyzing the operating ROA alongside other financial metrics and qualitative factors can provide a more comprehensive understanding of CNH Industrial N.V.'s financial health and performance. Further examination of the company's operational strategies, industry conditions, and competitive landscape is necessary to make informed assessments and projections.
Peer comparison
Sep 30, 2024