Coty Inc (COTY)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 89,400 | 508,200 | 259,500 | -201,300 | -1,006,700 |
| Total assets | US$ in thousands | 12,082,500 | 12,661,600 | 12,116,100 | 13,691,400 | 16,728,800 |
| ROA | 0.74% | 4.01% | 2.14% | -1.47% | -6.02% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $89,400K ÷ $12,082,500K
= 0.74%
Coty Inc's return on assets (ROA) has exhibited significant fluctuations over the past five years. In the most recent period ending June 30, 2024, the ROA stood at 0.74%, indicating a relatively low level of profitability generated from its assets. This figure represents a notable decline compared to the previous year's ROA of 4.01%, suggesting a weakening efficiency in asset utilization.
Looking back at the trend, Coty Inc's ROA has shown improvement from 2020 to 2023, with the metric increasing from -6.02% to 4.01%. This positive momentum reflected enhanced asset management and profitability during this period. However, the negative ROA in 2021 (-1.47%) implies that the company faced challenges in generating earnings relative to its asset base.
Overall, Coty Inc's ROA performance has been volatile, with fluctuations indicating varying levels of asset efficiency and profitability over the years. Further analysis of the company's operational and financial strategies may offer insights into the factors driving these changes in ROA.
Peer comparison
Jun 30, 2024