Coty Inc (COTY)
Return on assets (ROA)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 89,400 | 219,200 | 323,800 | 381,200 | 508,200 | 193,800 | 139,000 | 162,100 | 259,500 | 355,000 | 317,000 | -196,700 | -201,300 | -781,600 | -1,068,800 | -837,600 | -1,006,700 | -3,039,800 | -2,780,300 | -3,719,800 |
| Total assets | US$ in thousands | 12,082,500 | 12,322,200 | 13,015,700 | 12,616,900 | 12,661,600 | 12,705,500 | 12,454,600 | 11,947,900 | 12,116,100 | 13,269,100 | 13,434,000 | 14,038,400 | 13,691,400 | 13,622,300 | 14,159,800 | 17,780,100 | 16,728,800 | 18,310,000 | 17,360,900 | 17,283,500 |
| ROA | 0.74% | 1.78% | 2.49% | 3.02% | 4.01% | 1.53% | 1.12% | 1.36% | 2.14% | 2.68% | 2.36% | -1.40% | -1.47% | -5.74% | -7.55% | -4.71% | -6.02% | -16.60% | -16.01% | -21.52% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $89,400K ÷ $12,082,500K
= 0.74%
Coty Inc's return on assets (ROA) has displayed fluctuations over the past several quarters. The company's ROA was consistently negative from December 2020 to March 2021, indicating challenges in generating profits relative to its assets during that period. However, from June 2021 onwards, there has been a noticeable improvement in ROA, with positive figures recorded each quarter.
In the most recent quarter ending June 30, 2024, Coty Inc's ROA stood at 0.74%, which is lower compared to the previous quarter's ROA of 1.78%. While the downward trend may raise some concerns, it is important to note that ROA figures can be influenced by various factors such as changes in revenue, expenses, and asset efficiency.
Overall, Coty Inc's recent positive ROA figures suggest that the company has been more effective in utilizing its assets to generate profits. However, it would be important to monitor future performance to assess the sustainability of this trend and evaluate the company's operational efficiency and profitability in the long term.
Peer comparison
Jun 30, 2024