Leggett & Platt Incorporated (LEG)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -511,500 | -823,200 | -815,300 | -158,900 | -137,000 | 213,300 | 231,900 | 272,900 | 309,800 | 362,500 | 388,300 | 405,300 | 402,400 | 400,100 | 407,700 | 289,400 | 247,600 | 231,200 | 226,000 | 318,300 |
| Total assets | US$ in thousands | 3,661,600 | 3,780,100 | 3,838,800 | 4,614,800 | 4,634,500 | 5,077,600 | 5,144,300 | 5,270,000 | 5,186,100 | 5,175,200 | 5,230,600 | 5,341,800 | 5,307,300 | 5,235,100 | 5,150,100 | 4,911,600 | 4,754,000 | 4,663,800 | 4,582,100 | 4,982,000 |
| ROA | -13.97% | -21.78% | -21.24% | -3.44% | -2.96% | 4.20% | 4.51% | 5.18% | 5.97% | 7.00% | 7.42% | 7.59% | 7.58% | 7.64% | 7.92% | 5.89% | 5.21% | 4.96% | 4.93% | 6.39% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-511,500K ÷ $3,661,600K
= -13.97%
The return on assets (ROA) for Leggett & Platt Incorporated has shown fluctuations over the provided period. Starting at 6.39% in March 2020, it gradually declined to 4.93% by June 2020 but then slightly improved to 5.21% by December 2020. Subsequently, the ROA experienced an upward trend, reaching a peak of 7.92% in June 2021. However, it started to decline thereafter, with fluctuations seen in subsequent quarters.
It is important to note that the ROA turned negative in the last three periods (March 2024 to December 2024), indicating that the company's net income generated from its assets fell below zero during this time. This suggests potential issues with profitability and/or asset management efficiency during these particular periods. Further analysis would be required to understand the reasons behind this sharp decline in ROA and determine the implications for Leggett & Platt Incorporated's financial performance and operational strategies.
Peer comparison
Dec 31, 2024