Ford Motor Company (F)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,458,000 | 7,264,000 | 6,639,000 | 7,046,000 | 6,276,000 | 5,454,000 | 6,292,000 | 3,402,000 | 4,523,000 | 1,342,000 | 2,351,000 | -386,000 | -4,408,000 | -2,423,000 | -5,035,000 | -2,186,000 | 574,000 | 1,663,000 | 2,788,000 | 506,000 |
| Total assets | US$ in thousands | 273,310,000 | 268,073,000 | 265,991,000 | 256,800,000 | 255,884,000 | 246,919,000 | 245,755,000 | 252,986,000 | 257,035,000 | 252,677,000 | 248,532,000 | 260,819,000 | 267,261,000 | 259,943,000 | 269,366,000 | 264,150,000 | 258,537,000 | 258,157,000 | 262,184,000 | 263,281,000 |
| Operating ROA | 2.00% | 2.71% | 2.50% | 2.74% | 2.45% | 2.21% | 2.56% | 1.34% | 1.76% | 0.53% | 0.95% | -0.15% | -1.65% | -0.93% | -1.87% | -0.83% | 0.22% | 0.64% | 1.06% | 0.19% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,458,000K ÷ $273,310,000K
= 2.00%
Operating return on assets (operating ROA) is a key financial metric that evaluates a company’s ability to generate profits from its operational assets. Looking at Ford Motor Co.'s operating ROA over the past eight quarters, we observe some fluctuations in the ratio.
In Q1 2022, the operating ROA was at 1.34%, showing a relatively lower return compared to the following quarters. From Q2 2022 to Q3 2022, there was a gradual increase in operating ROA, reaching 2.56% in Q3 2022, which was the highest point during this period.
Moving to the more recent quarters, in Q4 2022, there was a slight dip in operating ROA to 2.45%. This was followed by an increase in Q1 2023 to 2.74%, which was the highest operating ROA recorded in the given data. However, in Q2 2023, we saw a slight decline to 2.50%, and a further decrease in Q3 2023 to 2.21%. The most recent data point, Q4 2023, indicates a small improvement with the operating ROA at 2.00%.
Overall, despite some fluctuations, Ford Motor Co. has maintained a positive trend in its operating ROA over the quarters in review. It is important to assess the factors driving these changes to understand the company's operational efficiency and profitability in more detail.
Peer comparison
Dec 31, 2023