Fortrea Holdings Inc. (FTRE)

Return on assets (ROA)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024
Net income (ttm) US$ in thousands -328,500 -303,300 -289,400 -120,200
Total assets US$ in thousands 3,579,200 3,663,700 3,565,400 4,240,200
ROA -9.18% -8.28% -8.12% -2.83%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-328,500K ÷ $3,579,200K
= -9.18%

Fortrea Holdings Inc.'s return on assets (ROA) has been experiencing a downward trend throughout the year 2024. The ROA stood at -2.83% as of March 31, 2024, deteriorating to -8.12% by June 30, 2024, and further declining to -8.28% by September 30, 2024. The trend continued to worsen as of December 31, 2024, with the ROA plummeting to -9.18%. This indicates that Fortrea Holdings Inc. is generating negative returns relative to its total assets, suggesting inefficiency in asset utilization and potential financial difficulties. Management should focus on improving operational efficiency and profitability to enhance the company's financial performance and long-term sustainability.