Mativ Holdings Inc. (MATV)
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 | -309,500 | -464,700 | -32,200 | -15,900 | -6,600 | 44,200 | 78,900 | 68,900 | 88,900 | 50,900 | 63,200 | 82,900 | 83,800 | 88,700 | 91,900 | 90,900 | 85,800 | 72,800 | 86,100 | 91,400 |
| Total assets | US$ in thousands | 2,642,400 | 3,117,800 | 3,648,900 | 3,674,800 | 3,669,200 | 3,712,700 | 2,395,300 | 2,441,900 | 2,420,300 | 2,419,800 | 2,423,300 | 1,587,500 | 1,584,900 | 1,590,600 | 1,578,100 | 1,655,200 | 1,471,700 | 1,450,200 | 1,489,400 | 1,485,700 |
| ROA | -11.71% | -14.90% | -0.88% | -0.43% | -0.18% | 1.19% | 3.29% | 2.82% | 3.67% | 2.10% | 2.61% | 5.22% | 5.29% | 5.58% | 5.82% | 5.49% | 5.83% | 5.02% | 5.78% | 6.15% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-309,500K ÷ $2,642,400K
= -11.71%
Mativ Holdings Inc's return on assets (ROA) has shown inconsistent performance over the past eight quarters. The ROA fluctuated significantly, ranging from -14.93% to 3.24%. The company experienced negative ROA in multiple quarters, with the lowest being -14.93% in Q3 2023 and -11.74% in Q4 2023. These negative figures indicate that the company's net income generated from its assets was insufficient or even resulted in a loss during those periods.
Compared to the positive ROA values in the earlier quarters of 2022, the recent performance reflects a decline in the company's ability to generate profits from its assets. The decreasing trend in ROA from Q2 2022 to Q4 2023 may raise concerns about the company's overall efficiency and profitability. It is essential for Mativ Holdings Inc to address the underlying factors contributing to the decreasing ROA to improve its financial performance and ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023