CNH Industrial N.V. (CNH)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,756,000 | 1,987,000 | 2,260,000 | 2,341,000 | 2,317,000 | 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 | 1,422,000 |
| 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 |
| ROA | 3.99% | 4.52% | 4.94% | 5.06% | 5.38% | 5.47% | 5.37% | 5.15% | 4.85% | 4.22% | 4.52% | 25.38% | 3.32% | 0.65% | -0.04% | -1.01% | -1.20% | 2.30% | 2.50% | 3.00% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,756,000K ÷ $44,033,000K
= 3.99%
The return on assets (ROA) of CNH Industrial N.V. has shown fluctuations over the past few quarters.
From September 2020 to March 2021, the ROA ranged between 2.30% and 5.47%, indicating a stable performance. However, there was a significant spike in December 2021, with ROA skyrocketing to 25.38%, suggesting a notable increase in profitability relative to the assets employed.
Subsequently, from March 2022 to September 2024, the ROA figures ranged from 3.99% to 5.47%, displaying a reasonable level of performance. Although there were slight fluctuations, the ROA generally remained above 4%, indicating that the company has been efficiently utilizing its assets to generate profits during this period.
Overall, the ROA trend suggests that CNH Industrial N.V. has maintained a reasonably stable and efficient performance in generating profits relative to the assets it possesses. However, the massive spike in December 2021 followed by a gradual decrease in subsequent quarters warrants a closer examination of the company's asset management and profitability strategies.
Peer comparison
Sep 30, 2024