Light & Wonder Inc (LNW)
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 | 163,000 | 126,000 | 379,000 | 3,671,000 | 3,675,000 | 3,740,000 | 3,594,000 | 412,000 | 371,000 | 186,000 | -113,000 | -425,000 | -569,000 | -522,000 | -391,000 | -265,000 | -130,000 | 120,000 | -246,000 | -175,000 |
| Total assets | US$ in thousands | 5,552,000 | 5,887,000 | 5,962,000 | 6,022,000 | 6,009,000 | 6,246,000 | 6,481,000 | 7,952,000 | 7,883,000 | 7,850,000 | 7,762,000 | 7,856,000 | 7,984,000 | 8,102,000 | 7,844,000 | 7,458,000 | 7,809,000 | 7,907,000 | 7,932,000 | 8,837,000 |
| ROA | 2.94% | 2.14% | 6.36% | 60.96% | 61.16% | 59.88% | 55.45% | 5.18% | 4.71% | 2.37% | -1.46% | -5.41% | -7.13% | -6.44% | -4.98% | -3.55% | -1.66% | 1.52% | -3.10% | -1.98% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $163,000K ÷ $5,552,000K
= 2.94%
The return on assets (ROA) of Light & Wonder Inc has shown significant fluctuations over the past eight quarters. In Q4 2023, the ROA stood at 2.94%, marking a slight increase from the previous quarter's 2.14%. However, this figure is notably lower compared to the exceptionally high ROA of 60.96% in Q1 2023 and 61.16% in Q4 2022.
The ROA experienced a sharp decline in Q1 2023, dropping to 60.96% from the previous quarter's 6.36%. This sudden decrease is a cause for concern as it suggests a significant decrease in the company's ability to generate profits relative to its total assets. The subsequent quarters saw a downward trend in ROA, with values ranging from 59.88% to 5.18%.
Overall, the ROA trend of Light & Wonder Inc indicates a period of high profitability in the beginning of 2022, followed by a series of fluctuations and a general decline in performance in more recent quarters. Further analysis is necessary to understand the factors contributing to these fluctuations and to assess the company's financial health and efficiency in utilizing its assets.
Peer comparison
Dec 31, 2023