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.