Ford Motor Company (F)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,347,000 | -1,981,000 | 17,937,000 | -1,279,000 | 47,000 |
| Total assets | US$ in thousands | 273,310,000 | 255,884,000 | 257,035,000 | 267,261,000 | 258,537,000 |
| ROA | 1.59% | -0.77% | 6.98% | -0.48% | 0.02% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $4,347,000K ÷ $273,310,000K
= 1.59%
Ford Motor Co.'s return on assets (ROA) has varied significantly over the past five years. In 2023, the ROA improved to 1.59%, indicating that the company generated $0.0159 in profit for every dollar of assets owned. This is a positive sign compared to the negative ROA in 2022 and 2020, suggesting improved efficiency in asset utilization. The significant jump in ROA in 2021 to 6.98% reflected a more profitable year for the company, possibly driven by effective management of assets to generate higher returns. However, the ROA in 2019 was relatively low at 0.02%, indicating that Ford faced challenges in generating profits from its assets during that year. Overall, Ford's ROA has shown volatility, with recent improvements indicating better asset utilization and profitability compared to previous years.
Peer comparison
Dec 31, 2023