CNH Industrial N.V. (CNH)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,313,000 | 1,756,000 | 2,017,000 | 2,290,000 | 2,371,000 | 2,347,000 | 2,336,000 | 2,178,000 | 2,029,000 | 1,739,000 | 1,506,000 | 1,648,000 | 1,723,000 | 1,585,000 | 320,000 | -20,000 | -493,000 | -543,000 | 1,036,000 | 1,100,000 |
| Total assets | US$ in thousands | 42,933,000 | 44,033,000 | 43,959,000 | 45,726,000 | 46,351,000 | 43,041,000 | 42,687,000 | 40,566,000 | 39,381,000 | 35,844,000 | 35,648,000 | 36,485,000 | 49,416,000 | 47,693,000 | 49,222,000 | 46,705,000 | 48,719,000 | 45,069,000 | 45,019,000 | 43,913,000 |
| ROA | 3.06% | 3.99% | 4.59% | 5.01% | 5.12% | 5.45% | 5.47% | 5.37% | 5.15% | 4.85% | 4.22% | 4.52% | 3.49% | 3.32% | 0.65% | -0.04% | -1.01% | -1.20% | 2.30% | 2.50% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,313,000K ÷ $42,933,000K
= 3.06%
The return on assets (ROA) for CNH Industrial N.V. has displayed a fluctuating trend over the past few years, reflecting the company's efficiency in generating profits from its assets.
Starting from a positive 2.50% in March 2020, the ROA declined to 2.30% in June 2020, signaling a slight reduction in profitability. However, it turned negative in the subsequent quarters of September and December 2020, indicating that the company was not effectively utilizing its assets to generate earnings during that period.
The negative trend continued into the first quarter of 2021 but gradually improved to 0.65% in June 2021. From September 2021 onwards, there was a significant turnaround as the ROA began to climb steadily. By December 2023, the ROA had reached 5.12%, indicating a substantial improvement in the company's ability to generate profits from its assets.
Overall, the increasing trend in ROA from March 2021 to December 2024 suggests that CNH Industrial N.V. made notable enhancements in its asset management efficiency and profitability levels during this period. However, the slight decline in ROA in the last quarter of 2024 to 3.06% may warrant further analysis to understand the factors contributing to this decrease in asset profitability.
Peer comparison
Dec 31, 2024