KBR Inc (KBR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -265,000 | 190,000 | 27,000 | -63,000 | 202,000 |
| Total assets | US$ in thousands | 5,565,000 | 5,566,000 | 6,204,000 | 5,705,000 | 5,360,000 |
| ROA | -4.76% | 3.41% | 0.44% | -1.10% | 3.77% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-265,000K ÷ $5,565,000K
= -4.76%
The return on assets (ROA) of KBR Inc has shown fluctuations over the past five years. In 2023, the ROA was at -4.76%, indicating a negative return on the company's assets. This is a significant decrease from the positive ROA of 3.41% in 2022. The ROA was also positive in 2021 at 0.44%, but it turned negative in 2020 at -1.10%.
The highest ROA over the period was in 2019 at 3.77%, signifying a healthy return on assets that year. The negative ROA in 2023 may raise concerns about the company's ability to generate profits from its assets efficiently.
Overall, the trend in ROA for KBR Inc shows variability, with 2023 exhibiting a notable decline in performance compared to previous years. It is important for stakeholders to monitor future financial results closely to assess the company's ability to enhance its profitability and asset utilization.
Peer comparison
Dec 31, 2023