Dana Inc (DAN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 38,000 | -102,000 | -209,000 | -231,000 | -242,000 | -38,000 | 98,000 | 143,000 | 197,000 | 212,000 | 209,000 | -18,000 | -31,000 | 14,000 | 80,000 | 186,000 | 226,000 | 241,000 | 225,000 | 417,000 |
| 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 |
| ROA | 0.48% | -1.29% | -2.60% | -2.93% | -3.25% | -0.50% | 1.24% | 1.78% | 2.58% | 2.80% | 2.72% | -0.24% | -0.42% | 0.19% | 1.16% | 2.57% | 3.13% | 3.33% | 3.06% | 5.72% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $38,000K ÷ $7,965,000K
= 0.48%
To analyze Dana Inc's return on assets (ROA) over the past eight quarters, we can observe a mixed performance. The ROA fluctuated significantly within this period, ranging from -3.25% in Q4 2022 to a peak of 1.78% in Q1 2022.
In the most recent quarter, Q4 2023, Dana Inc reported an ROA of 0.48%, indicating a slight improvement from the negative ROA figures seen in the previous three quarters. Despite this positive shift, the company's profitability remains relatively low compared to the high of 1.78% in Q1 2022.
The negative ROA values recorded in several quarters, such as Q2, Q3, and Q1 of 2023, suggest that Dana Inc faced challenges in generating profits relative to its assets during those periods. The improvement in Q4 2023 is a positive sign but may require sustained effort to drive further enhancement in profitability and efficiency in asset utilization.
Overall, Dana Inc's ROA trend highlights the importance of closely monitoring and managing the company's asset utilization and profitability to drive sustainable growth and value creation for its stakeholders. It may be beneficial for the company to continue assessing its operations and financial strategies to enhance ROA performance in the future.
Peer comparison
Dec 31, 2023