Energizer Holdings Inc (ENR)
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 | 93,400 | 140,500 | -242,100 | -221,500 | -242,500 | -231,500 | 214,600 | 183,000 | 153,800 | 160,900 | 36,000 | 45,000 | -62,500 | -83,500 | 5,200 | -15,400 | 40,000 | 64,700 | 19,200 | 33,800 |
| Total assets | US$ in thousands | 4,423,900 | 4,509,600 | 4,505,100 | 4,436,000 | 4,577,900 | 4,572,100 | 5,182,600 | 5,159,900 | 5,109,900 | 5,007,500 | 4,977,400 | 4,937,600 | 4,929,100 | 5,728,300 | 5,126,500 | 4,752,500 | 5,566,800 | 5,449,600 | 5,577,700 | 5,642,300 |
| ROA | 2.11% | 3.12% | -5.37% | -4.99% | -5.30% | -5.06% | 4.14% | 3.55% | 3.01% | 3.21% | 0.72% | 0.91% | -1.27% | -1.46% | 0.10% | -0.32% | 0.72% | 1.19% | 0.34% | 0.60% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $93,400K ÷ $4,423,900K
= 2.11%
Based on the data provided, Energizer Holdings Inc's return on assets (ROA) has exhibited variability over the past eight quarters. The ROA ranged from a low of -5.37% in Q3 2023 to a high of 3.98% in Q3 2022. The most recent ROA figure of 2.11% in Q1 2024 indicates a moderate improvement compared to the previous quarter's 3.12%.
The negative ROA figures in a few quarters (Q3 2023, Q2 2023, Q1 2023, and Q4 2022) suggest that the company faced challenges generating profits relative to its total assets during those periods. The positive ROA values in Q3 2022 and Q2 2022 indicate successful asset utilization to generate profits during these quarters.
It is essential for Energizer Holdings Inc to consistently monitor and improve its ROA as it reflects the efficiency of the company in generating profits from its assets. The management should focus on optimizing asset utilization and controlling costs to enhance overall profitability and value creation for stakeholders.
Peer comparison
Dec 31, 2023