Fortune Brands Innovations Inc. (FBIN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 404,500 | 686,700 | 772,400 | 553,100 | 431,900 |
| Total assets | US$ in thousands | 6,565,000 | 6,120,900 | 7,936,200 | 7,358,700 | 6,291,300 |
| ROA | 6.16% | 11.22% | 9.73% | 7.52% | 6.87% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $404,500K ÷ $6,565,000K
= 6.16%
The return on assets (ROA) for Fortune Brands Innovations Inc. has fluctuated over the past five years. In 2023, the ROA decreased to 6.16% from 11.22% in 2022, indicating a lower return generated from the company's assets during the year.
Compared to the previous years, the ROA was higher in 2022 and 2021 at 11.22% and 9.73% respectively, suggesting better asset utilization and profitability during those periods. The ROA was at 7.52% in 2020 and 6.87% in 2019, showing a relatively stable but lower level of returns on assets during those years.
Overall, the trend in ROA for Fortune Brands Innovations Inc. indicates some fluctuations in the effectiveness of generating profits from its assets over the past five years. Further analysis and comparison with industry benchmarks may provide insights into the company's asset management efficiency and profitability.
Peer comparison
Dec 31, 2023