Fluor Corporation (FLR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 139,000 | 145,000 | -440,000 | -435,000 | -1,522,160 |
| Total assets | US$ in thousands | 6,973,000 | 6,827,000 | 7,089,000 | 7,309,810 | 7,966,660 |
| ROA | 1.99% | 2.12% | -6.21% | -5.95% | -19.11% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $139,000K ÷ $6,973,000K
= 1.99%
Fluor Corporation's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA stands at 1.19%, reflecting a decrease from the previous year's 1.55%. The positive ROA indicates that Fluor Corporation generated a profit relative to its total assets for the year.
In 2021, Fluor Corporation experienced a significant increase in ROA to -6.05% from -5.95% in 2020. Despite the negative ROA during these years, the company's performance improved in terms of utilizing its assets more efficiently to generate income.
The most notable change occurred in 2019 when Fluor Corporation's ROA was at its lowest point at -19.11%. This indicates that the company experienced difficulties in generating profit compared to the value of its assets that year.
Overall, Fluor Corporation's ROA has shown variability in recent years, with a mixture of positive and negative returns. It is essential for the company to focus on optimizing its asset utilization to enhance profitability and financial performance in the future.
Peer comparison
Dec 31, 2023