Fortune Brands Innovations Inc. (FBIN)
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 | 404,500 | 432,800 | 500,500 | 590,400 | 686,700 | 752,400 | 750,300 | 775,500 | 772,400 | 760,700 | 723,200 | 621,800 | 553,100 | 493,600 | 434,600 | 456,300 | 431,900 | 413,000 | 407,200 | 399,300 |
| Total assets | US$ in thousands | 6,565,000 | 6,618,100 | 6,873,200 | 5,972,700 | 6,120,900 | 8,415,600 | 8,334,100 | 8,243,000 | 7,936,200 | 7,868,800 | 7,696,000 | 7,482,100 | 7,358,700 | 6,519,000 | 6,332,300 | 6,300,100 | 6,291,300 | 6,285,600 | 6,343,400 | 6,289,200 |
| ROA | 6.16% | 6.54% | 7.28% | 9.88% | 11.22% | 8.94% | 9.00% | 9.41% | 9.73% | 9.67% | 9.40% | 8.31% | 7.52% | 7.57% | 6.86% | 7.24% | 6.87% | 6.57% | 6.42% | 6.35% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $404,500K ÷ $6,565,000K
= 6.16%
Fortune Brands Innovations Inc.'s return on assets (ROA) has fluctuated over the past five years, ranging from 6.16% to 11.22%. The ROA shows a general trend of moderate variability, with some peaks and troughs observed across the periods. The company's ROA has typically remained above 6% and has shown a positive trend, indicating the company's ability to generate profits relative to its total assets.
The highest ROA observed was 11.22% in December 2022, suggesting an efficient utilization of assets to generate profit during that period. On the other hand, the lowest ROA was 6.16% in December 2023, possibly indicating a decline in profitability relative to its total asset base. Overall, the company has maintained a relatively stable ROA range, showing a decent performance in translating its assets into earnings.
It would be beneficial for stakeholders to further investigate the factors influencing the fluctuations in Fortune Brands Innovations Inc.'s ROA to gain a deeper understanding of the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023