Fluor Corporation (FLR)
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 | 138,000 | 169,000 | -15,000 | -10,000 | 145,000 | -143,000 | -124,000 | -305,000 | -440,000 | -324,000 | -346,000 | -256,000 | -435,000 | -568,200 | -1,330,300 | -1,719,300 | -1,522,200 | -1,177,800 | -360,610 | 130,810 |
| Total assets | US$ in thousands | 6,973,000 | 7,163,000 | 6,756,000 | 6,630,000 | 6,827,000 | 6,870,000 | 6,525,000 | 6,492,000 | 7,089,000 | 7,258,080 | 7,856,480 | 7,020,920 | 7,309,810 | 7,271,650 | 7,240,770 | 7,292,470 | 7,966,660 | 7,888,980 | 8,979,050 | 9,022,190 |
| ROA | 1.98% | 2.36% | -0.22% | -0.15% | 2.12% | -2.08% | -1.90% | -4.70% | -6.21% | -4.46% | -4.40% | -3.65% | -5.95% | -7.81% | -18.37% | -23.58% | -19.11% | -14.93% | -4.02% | 1.45% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $138,000K ÷ $6,973,000K
= 1.98%
To analyze the return on assets (ROA) of Fluor Corporation based on the provided data, we observe fluctuations in ROA over the past eight quarters. ROA is calculated as the ratio of net income to total assets, indicating the company's efficiency in generating profits relative to its asset base.
In Q4 2023, Fluor Corporation's ROA stood at 1.19%, reflecting a modest return on its assets. This was lower than the previous quarter's ROA of 1.44%, indicating a slight decline in asset efficiency. Despite this decrease, the company managed to maintain a positive ROA, suggesting a reasonable level of profitability relative to its asset utilization.
Looking back at Q2 and Q1 2023, Fluor Corporation experienced negative ROA figures of -0.80% and -0.74% respectively. These negative values indicate that the company's net income was insufficient to cover its asset base during those quarters, signaling potential challenges in profitability and asset management.
In comparison, Q4 and Q3 2022 saw much higher ROA figures of 1.55% and -2.31% respectively. These fluctuations in ROA suggest variability in the company's ability to generate profits from its assets during the specified periods.
Overall, the trend in Fluor Corporation's ROA indicates mixed performance in recent quarters, with fluctuations in profitability relative to its asset base. Further analysis of the company's financial health and operational factors may be necessary to understand the drivers behind these fluctuations in ROA over time.
Peer comparison
Dec 31, 2023