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.
Peer comparison
Dec 31, 2024