Dana Inc (DAN)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 316,000 | 367,000 | 175,000 | 110,000 | 86,000 | 104,000 | 299,000 | 353,000 | 395,000 | 415,000 | 410,000 | 185,000 | 124,000 | 134,000 | 182,000 | 199,000 | 292,000 | 302,000 | 312,000 | 545,000 |
| Total assets | US$ in thousands | 7,965,000 | 7,937,000 | 8,046,000 | 7,893,000 | 7,449,000 | 7,662,000 | 7,919,000 | 8,053,000 | 7,632,000 | 7,577,000 | 7,679,000 | 7,602,000 | 7,376,000 | 7,522,000 | 6,908,000 | 7,235,000 | 7,220,000 | 7,231,000 | 7,346,000 | 7,284,000 |
| Operating ROA | 3.97% | 4.62% | 2.17% | 1.39% | 1.15% | 1.36% | 3.78% | 4.38% | 5.18% | 5.48% | 5.34% | 2.43% | 1.68% | 1.78% | 2.63% | 2.75% | 4.04% | 4.18% | 4.25% | 7.48% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $316,000K ÷ $7,965,000K
= 3.97%
To analyze Dana Inc's operating return on assets (ROA) over the past eight quarters, we can see that there has been a consistent improvement in the operating ROA performance. In the most recent quarter, Q4 2023, the operating ROA reached 4.24%, which is a slight decrease from the previous quarter but still higher than the levels observed in the earlier quarters.
The trend shows a steady increase in operating ROA from Q1 2022 to Q3 2023, indicating that Dana Inc has been effectively using its assets to generate operating income. The highest operating ROA of 4.67% was achieved in Q3 2023, demonstrating the company's ability to improve efficiency and profitability over time.
Overall, the improving trend in operating ROA reflects positively on Dana Inc's operational performance and suggests that the company has been successful in enhancing its profitability relative to its asset base. However, it is important to continue monitoring this ratio to ensure sustained efficiency in utilizing assets to generate operating income.
Peer comparison
Dec 31, 2023