Knowles Cor (KN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -237,800 | 72,400 | -430,100 | 150,400 | 6,600 |
| Total assets | US$ in thousands | 1,118,200 | 1,462,800 | 1,183,900 | 1,731,600 | 1,654,900 |
| ROA | -21.27% | 4.95% | -36.33% | 8.69% | 0.40% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-237,800K ÷ $1,118,200K
= -21.27%
Knowles Cor's return on assets (ROA) has fluctuated significantly over the past five years.
At the end of December 31, 2020, the ROA was a relatively low 0.40%. However, by the end of December 31, 2021, the ROA had increased substantially to 8.69%, indicating improved efficiency in generating profit from its assets.
In December 31, 2022, the ROA took a significant downturn, dropping to -36.33%, which suggests that the company experienced challenges in utilizing its assets effectively to generate profits.
By December 31, 2023, Knowles Cor managed to improve its ROA to 4.95%, indicating some level of recovery in asset efficiency. However, by the end of December 31, 2024, the ROA fell again to -21.27%, indicating a decline in profitability relative to asset utilization.
Overall, a comparison of ROA over these five years shows a mixture of positive and negative trends, indicating fluctuations in the company's ability to generate profit from its assets effectively. Further analysis and investigation into the underlying factors influencing this volatility in ROA would be necessary to determine the root causes and implications for the company's financial performance.
Peer comparison
Dec 31, 2024