LKQ Corporation (LKQ)
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 | 938,000 | 954,000 | 1,008,000 | 1,146,000 | 1,149,000 | 1,191,000 | 1,213,000 | 1,098,000 | 1,091,000 | 1,035,589 | 945,072 | 758,864 | 638,000 | 597,799 | 556,579 | 588,348 | 541,260 | 436,921 | 418,760 | 425,206 |
| Total assets | US$ in thousands | 15,079,000 | 15,168,000 | 14,155,000 | 12,508,000 | 12,038,000 | 11,666,000 | 12,134,000 | 12,778,000 | 12,606,000 | 12,460,900 | 12,438,100 | 12,665,500 | 12,360,500 | 12,161,200 | 12,035,300 | 12,354,100 | 12,780,000 | 12,411,700 | 12,704,200 | 12,665,900 |
| ROA | 6.22% | 6.29% | 7.12% | 9.16% | 9.54% | 10.21% | 10.00% | 8.59% | 8.65% | 8.31% | 7.60% | 5.99% | 5.16% | 4.92% | 4.62% | 4.76% | 4.24% | 3.52% | 3.30% | 3.36% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $938,000K ÷ $15,079,000K
= 6.22%
To analyze LKQ Corp's return on assets (ROA) based on the provided quarterly data, we observe a fluctuating trend over the past eight quarters. The ROA has ranged from a low of 6.21% in Q4 2023 to a high of 10.21% in Q3 2022.
Notably, the ROA experienced a general downward trend in the most recent quarters, with Q4 2023 showing a decrease compared to the previous quarters. This decline could indicate potential challenges in generating profits relative to the total assets employed during that period.
However, it is important to consider that a single quarter's performance may not reflect the company's overall financial health, and thus, a thorough analysis of trends over a longer period is recommended to assess the company's efficiency in utilizing its assets to generate profits effectively.