Dana Inc (DAN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,575,000 | 1,589,000 | 1,623,000 | 1,603,000 | 1,551,000 | 1,622,000 | 1,849,000 | 1,932,000 | 1,922,000 | 1,856,000 | 1,871,000 | 1,795,000 | 1,758,000 | 1,703,000 | 1,644,000 | 1,783,000 | 1,873,000 | 1,791,000 | 1,716,000 | 1,434,000 |
| ROE | 2.41% | -6.42% | -12.88% | -14.41% | -15.60% | -2.34% | 5.30% | 7.40% | 10.25% | 11.42% | 11.17% | -1.00% | -1.76% | 0.82% | 4.87% | 10.43% | 12.07% | 13.46% | 13.11% | 29.08% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $38,000K ÷ $1,575,000K
= 2.41%
To analyze Dana Inc's return on equity (ROE) over the past eight quarters, we observe fluctuations in performance. The ROE has been volatile, ranging from a low of -15.60% in Q4 2022 to a high of 7.40% in Q1 2022.
In Q4 2023, the ROE improved to 2.41%, indicating a slight recovery from the previous negative values. However, it remained below the industry benchmark. The negative ROE values in Q3 2023, Q2 2023, and Q1 2023 suggest poor profitability and inefficiency in generating returns for shareholders during those periods.
The trend of negative ROE from Q4 2022 to Q1 2023 could signal underlying issues such as declining profitability, excessive debt levels, or inefficient use of shareholders' equity. The positive ROE values in earlier quarters, particularly in Q1 and Q2 2022, highlight periods of better performance and higher profitability for the company.
Overall, the fluctuating ROE of Dana Inc indicates inconsistencies in the company's ability to generate returns for shareholders consistently. Further analysis of the company's financial statements and operational performance is necessary to understand the factors driving these fluctuations and to assess the sustainability of future profitability.
Peer comparison
Dec 31, 2023