Energizer Holdings Inc (ENR)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 140,500 | -231,500 | 160,900 | -93,300 | 51,100 |
| Total assets | US$ in thousands | 4,509,600 | 4,572,100 | 5,007,500 | 5,728,300 | 5,449,600 |
| ROA | 3.12% | -5.06% | 3.21% | -1.63% | 0.94% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $140,500K ÷ $4,509,600K
= 3.12%
Energizer Holdings Inc's return on assets (ROA) has shown volatility over the past five years. In 2023, the ROA improved to 3.12% from a negative figure in the previous year. This indicates that the company generated a higher amount of net income relative to its total assets compared to the previous year. However, in 2022, the ROA was negative at -5.15%, suggesting that the company's net income was insufficient to cover its total assets, which could be a cause for concern. In 2021, the ROA was relatively strong at 2.89%, reflecting efficient utilization of its assets to generate net income. The ROA was negative in 2020 at -1.91% and positive but modest in 2019 at 0.72%. Overall, the company's ROA has displayed inconsistency, signifying fluctuations in its ability to generate profits relative to the size of its asset base. Further analysis of the company's financial performance and operational efficiency would be beneficial to understand the factors driving these fluctuations in ROA.
Peer comparison
Sep 30, 2023