Dana Inc (DAN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 38,000 | -242,000 | 197,000 | -31,000 | 226,000 |
| Total assets | US$ in thousands | 7,965,000 | 7,449,000 | 7,632,000 | 7,376,000 | 7,220,000 |
| ROA | 0.48% | -3.25% | 2.58% | -0.42% | 3.13% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $38,000K ÷ $7,965,000K
= 0.48%
Dana Inc's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA improved to 0.48% compared to a significant decline in 2022 when it was -3.25%. This suggests that the company was able to generate a higher level of profit relative to its total assets in 2023.
Looking back further, Dana Inc's ROA was positive in 2021 at 2.58%, indicating a more efficient utilization of its assets to generate profits. However, in 2020, the ROA was negative at -0.42%, reflecting a situation where the company incurred losses relative to its asset base.
The highest ROA in the given period was recorded in 2019 at 3.13%, indicating strong profitability relative to the assets held by the company. Overall, Dana Inc's ROA has shown variability over the years, which could be attributed to changes in the company's operational efficiency, profitability, and asset management strategies.
Peer comparison
Dec 31, 2023