Fortune Brands Innovations Inc. (FBIN)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 328,900 | 448,200 | 448,100 | 416,300 | 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 |
| Total assets | US$ in thousands | 6,561,800 | 6,598,400 | 6,673,900 | 6,791,500 | 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 |
| ROA | 5.01% | 6.79% | 6.71% | 6.13% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $328,900K ÷ $6,561,800K
= 5.01%
Fortune Brands Innovations Inc.'s return on assets (ROA) has experienced fluctuation over the period from March 31, 2020, to December 31, 2024. The ROA started at 7.24% in March 2020 and remained relatively stable around the 7% mark until the end of 2020. In the first half of 2021, the ROA showed a noticeable increase, reaching 9.40% by June 30, 2021, and peaked at 11.22% by December 31, 2022.
However, after reaching its peak, the ROA began to decline, dropping to 5.01% by December 31, 2024. The decreasing trend in ROA from 2023 to 2024 may indicate a reduction in the company's ability to generate profit from its assets or an increase in asset base without a proportionate increase in earnings.
Overall, fluctuations in Fortune Brands Innovations Inc.'s ROA suggest varying levels of efficiency in utilizing its assets to generate profits over the analyzed period. Monitoring these trends can provide valuable insights into the company's operational performance and financial health.
Peer comparison
Dec 31, 2024