Frontdoor Inc (FTDR)
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 | 171,000 | 171,000 | 128,000 | 91,000 | 71,000 | 69,000 | 117,000 | 124,000 | 127,000 | 122,000 | 95,000 | 104,000 | 112,000 | 130,000 | 142,000 | 153,000 | 153,000 | 151,000 | 139,000 | |
| Total assets | US$ in thousands | 1,089,000 | 1,168,000 | 1,136,000 | 1,128,000 | 1,082,000 | 1,095,000 | 1,076,000 | 1,058,000 | 1,069,000 | 1,161,000 | 1,135,000 | 1,355,000 | 1,405,000 | 1,407,000 | 1,361,000 | 1,291,000 | 1,250,000 | 1,217,000 | 1,179,000 | 1,097,000 |
| ROA | 15.70% | 14.64% | 11.27% | 8.07% | 6.56% | 6.30% | 10.87% | 11.72% | 11.88% | 10.51% | 8.37% | 7.68% | 7.97% | 9.24% | 10.43% | 11.85% | 12.24% | 12.41% | 11.79% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $171,000K ÷ $1,089,000K
= 15.70%
To analyze the return on assets (ROA) of Frontdoor Inc. based on the provided data, we observe the trend over the past eight quarters.
Frontdoor Inc.'s ROA has shown a consistent improvement from Q1 2022 to Q4 2023. The ROA increased steadily from 6.56% in Q4 2022 to 15.70% in Q4 2023. This indicates that the company has been effectively generating earnings in relation to its total assets over this period.
The significant increase in ROA from 8.06% in Q1 2023 to 15.70% in Q4 2023 suggests that Frontdoor Inc. has been utilizing its assets more efficiently to generate profits. The company's management may have implemented strategies to better leverage its assets and improve profitability.
Overall, the rising trend in ROA reflects positively on Frontdoor Inc.'s operational efficiency and indicates a potential improvement in the company's ability to generate profits from its assets. Investors and stakeholders may view this improvement as a positive indication of the company's financial health and management effectiveness.
Peer comparison
Dec 31, 2023