Equifax Inc (EFX)
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 | 545,300 | 521,100 | 524,600 | 586,900 | 696,300 | 710,200 | 749,900 | 764,400 | 744,200 | 696,600 | 719,700 | 604,800 | 520,100 | 461,400 | 316,700 | 286,000 | -384,100 | -374,300 | -419,700 | -344,400 |
| Total assets | US$ in thousands | 12,280,000 | 12,348,900 | 11,537,900 | 11,583,900 | 11,547,900 | 11,308,000 | 11,221,200 | 11,391,700 | 11,040,900 | 11,083,300 | 9,340,300 | 9,669,400 | 9,611,800 | 9,249,800 | 8,832,800 | 7,622,800 | 7,909,000 | 7,430,700 | 7,473,500 | 7,335,700 |
| ROA | 4.44% | 4.22% | 4.55% | 5.07% | 6.03% | 6.28% | 6.68% | 6.71% | 6.74% | 6.29% | 7.71% | 6.25% | 5.41% | 4.99% | 3.59% | 3.75% | -4.86% | -5.04% | -5.62% | -4.69% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $545,300K ÷ $12,280,000K
= 4.44%
The return on assets (ROA) of Equifax, Inc. has been declining over the past eight quarters, from 6.71% in Q1 2022 to 4.44% in Q4 2023. This indicates that the company's ability to generate profit from its assets has been decreasing. The decreasing trend may be a cause for concern as it suggests that Equifax may be becoming less efficient in utilizing its assets to generate earnings. Management should closely monitor this trend and consider implementing strategies to improve profitability and efficiency in the utilization of assets.