Fluor Corporation (FLR)
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 | 2,145,000 | 260,000 | 412,000 | 304,000 | 115,000 | -73,000 | -249,000 | -244,000 | -66,000 | -135,169 | -124,700 | -197,368 | -332,392 | -216,661 | -523,089 | -683,367 | -862,302 | -865,810 | -1,341,835 | -1,729,697 |
| Total assets | US$ in thousands | 9,143,000 | 7,100,000 | 6,811,000 | 6,700,000 | 6,973,000 | 7,163,000 | 6,756,000 | 6,630,000 | 6,827,000 | 6,870,000 | 6,525,000 | 6,492,000 | 7,279,560 | 7,258,080 | 7,856,480 | 7,020,920 | 7,309,810 | 7,292,470 | 7,966,660 | 7,292,470 |
| ROA | 23.46% | 3.66% | 6.05% | 4.54% | 1.65% | -1.02% | -3.69% | -3.68% | -0.97% | -1.97% | -1.91% | -3.04% | -4.57% | -2.99% | -6.66% | -9.73% | -11.80% | -11.87% | -16.84% | -23.72% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,145,000K ÷ $9,143,000K
= 23.46%
The return on assets (ROA) of Fluor Corporation has shown a significant improvement over the last few quarters. It started with a negative ROA of around -23.72% in March 2020, indicating that the company was not efficiently utilizing its assets to generate profits. This negative trend continued until December 2021, with the ROA fluctuating between -23.72% and -0.97%.
However, from March 2022 onwards, Fluor Corporation managed to turn the situation around, gradually improving its ROA. The percentages shifted towards positive territory, indicating that the company was generating more profits relative to its assets. By December 2024, Fluor Corporation's ROA had surged to 23.46%, reflecting a significant enhancement in its asset efficiency and profitability.
This positive trend in ROA suggests that Fluor Corporation has been able to enhance its operational performance and effectively utilize its assets to drive profitability. It shows a successful turnaround in the company's financial performance over the analyzed periods.
Peer comparison
Dec 31, 2024