Lumen Technologies Inc (LUMN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -55,000 | -10,298,000 | -1,548,000 | 2,033,000 | -1,232,000 |
| Total assets | US$ in thousands | 33,496,000 | 34,018,000 | 45,581,000 | 57,993,000 | 59,394,000 |
| ROA | -0.16% | -30.27% | -3.40% | 3.51% | -2.07% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-55,000K ÷ $33,496,000K
= -0.16%
Lumen Technologies Inc's return on assets (ROA) has fluctuated significantly over the past five years. In 2020, the ROA was at -2.07%, indicating that the company generated a negative return on its assets. However, by the end of 2021, the ROA improved to 3.51%, suggesting a positive turn in asset efficiency and profitability.
In 2022, the ROA decreased sharply to -3.40%, indicating a decline in the company's ability to generate profits from its assets. This downward trend continued in 2023, with the ROA plummeting to -30.27%, signifying a significant decrease in asset efficiency and profitability.
By the end of 2024, the ROA slightly recovered to -0.16%, but still remained in the negative territory. This indicates that Lumen Technologies Inc has been facing challenges in effectively utilizing its assets to generate profits, as evidenced by the negative or low ROA figures in recent years.
Peer comparison
Dec 31, 2024