Mattel Inc (MAT)
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 | 214,353 | 83,172 | 226,735 | 265,988 | 393,913 | 603,609 | 1,108,803 | 1,036,826 | 902,987 | 806,206 | 322,468 | 216,896 | 123,579 | -5,298 | -246,040 | -242,918 | -213,512 | -204,048 | -268,366 | -398,342 |
| Total assets | US$ in thousands | 6,435,820 | 6,244,550 | 5,897,840 | 5,831,740 | 6,177,660 | 6,468,180 | 6,167,730 | 6,147,370 | 6,393,890 | 6,263,040 | 5,241,060 | 5,118,950 | 5,534,890 | 5,613,490 | 4,998,700 | 4,804,350 | 5,325,230 | 5,527,580 | 5,046,630 | 5,082,370 |
| ROA | 3.33% | 1.33% | 3.84% | 4.56% | 6.38% | 9.33% | 17.98% | 16.87% | 14.12% | 12.87% | 6.15% | 4.24% | 2.23% | -0.09% | -4.92% | -5.06% | -4.01% | -3.69% | -5.32% | -7.84% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $214,353K ÷ $6,435,820K
= 3.33%
The return on assets (ROA) for Mattel Inc has fluctuated over the past several quarters. The ROA was relatively high at 17.98% in June 2022, indicating that the company generated $0.1798 in profit for every $1 of assets during that period. However, the ROA has since decreased, reaching a low of -7.84% in September 2019.
The downward trend in ROA from 2019 to 2022 suggests that Mattel may have faced challenges in efficiently utilizing its assets to generate profits. The ROA rebounded in 2023 but remains relatively lower than previous highs.
It is essential for Mattel to focus on optimizing its asset management strategies to improve ROA and enhance overall profitability. Additionally, closely monitoring and analyzing factors influencing the ROA, such as asset efficiency and profitability, will be crucial for the company's financial performance in the future.