Knowles Cor (KN)
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 | 72,400 | -183,000 | -196,900 | -453,400 | -430,100 | -129,500 | -104,500 | 156,000 | 150,400 | 87,400 | 65,300 | 28,200 | 6,600 | -2,500 | 17,300 | 42,700 | 49,100 | 108,200 | 66,600 | 65,300 |
| Total assets | US$ in thousands | 1,462,800 | 1,182,200 | 1,176,000 | 1,195,500 | 1,183,900 | 1,436,700 | 1,458,400 | 1,718,700 | 1,731,600 | 1,723,200 | 1,681,900 | 1,675,300 | 1,654,900 | 1,667,700 | 1,687,700 | 1,696,800 | 1,654,600 | 1,607,500 | 1,585,800 | 1,575,000 |
| ROA | 4.95% | -15.48% | -16.74% | -37.93% | -36.33% | -9.01% | -7.17% | 9.08% | 8.69% | 5.07% | 3.88% | 1.68% | 0.40% | -0.15% | 1.03% | 2.52% | 2.97% | 6.73% | 4.20% | 4.15% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $72,400K ÷ $1,462,800K
= 4.95%
Knowles Corp's return on assets (ROA) has fluctuated significantly over the past eight quarters. In Q4 2023, the ROA improved to 4.95%, showing a positive trend compared to the preceding quarters which exhibited negative ROA figures. This improvement indicates that the company generated a higher return relative to its assets in the most recent quarter. However, it should be noted that the ROA was negative in the three consecutive quarters prior to Q4 2023, with the lowest point being in Q1 2023 at -37.93%.
The negative ROA values in Q1-Q3 2023 suggest that Knowles Corp faced challenges in effectively utilizing its assets to generate profits during that period. The ROA values in these quarters indicate that the company's profitability was strained relative to the size of its asset base.
Comparing the Q4 2023 ROA with the values from the same quarter in the previous years, there has been a noticeable improvement, particularly when compared to Q4 2022's ROA of -36.33%. This improvement may indicate that the company has taken steps to optimize its asset utilization and enhance profitability.
Overall, while the recent improvement in ROA is a positive sign, Knowles Corp should continue to focus on efficiently managing its assets to sustain and further improve its profitability in the future. Monitoring the trend of the ROA will be crucial in assessing the company's financial performance and operational efficiency in the upcoming quarters.
Peer comparison
Dec 31, 2023