KAR Auction Services Inc (KAR)
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 | -154,100 | -131,300 | -149,800 | 254,200 | 241,200 | 209,200 | 214,000 | 15,300 | 66,500 | 44,300 | 92,400 | 48,600 | 500 | 37,400 | 25,600 | 113,500 | 188,500 | 236,000 | 278,200 | 315,800 |
| Total assets | US$ in thousands | 4,726,300 | 4,729,300 | 4,897,400 | 5,147,900 | 5,119,800 | 5,301,300 | 6,126,000 | 7,792,400 | 7,450,700 | 7,170,200 | 7,118,300 | 7,160,200 | 6,798,200 | 6,909,900 | 6,494,000 | 5,999,700 | 6,581,200 | 6,579,700 | 6,377,800 | 6,301,600 |
| ROA | -3.26% | -2.78% | -3.06% | 4.94% | 4.71% | 3.95% | 3.49% | 0.20% | 0.89% | 0.62% | 1.30% | 0.68% | 0.01% | 0.54% | 0.39% | 1.89% | 2.86% | 3.59% | 4.36% | 5.01% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-154,100K ÷ $4,726,300K
= -3.26%
Based on the historical data provided for Openlane Inc.'s return on assets (ROA) from Q1 2022 to Q4 2023, there seems to be a trend of negative ROA figures, indicating the company's struggle to generate profits relative to its total assets.
In the most recent quarter, Q4 2023, Openlane Inc. reported an ROA of -3.26%, which represented a deterioration from the previous quarter's -3.63%. These negative ROA figures suggest that the company's assets are not effectively utilized to generate profits, potentially pointing towards inefficiencies in the company's operations or asset management.
Looking back over the past eight quarters, the highest ROA figure was seen in Q1 2023 at 0.17%, which was the only positive ROA recorded during this period. However, the positive ROA in that quarter was followed by a string of negative figures, indicating that the company may have encountered challenges in sustaining profitability.
Overall, based on the ROA trend observed in the provided data, it is evident that Openlane Inc. has been facing difficulties in generating returns from its assets, and further analysis of the company's operations and financial health may be warranted to identify the underlying reasons for the consistently negative ROA figures.
Peer comparison
Dec 31, 2023