Matthews International Corporation (MATW)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -59,660 | 26,224 | 33,185 | 33,285 | 39,291 | -59,391 | -65,236 | -76,268 | -99,774 | -22,491 | -22,029 | -15,135 | 2,910 | 13,992 | 12,906 | -78,447 | -87,155 | -165,692 | -153,332 | -51,551 |
| Total assets | US$ in thousands | 1,834,890 | 1,861,880 | 1,890,480 | 1,903,120 | 1,887,380 | 1,884,190 | 1,897,270 | 1,902,940 | 1,882,770 | 1,904,690 | 1,952,790 | 2,053,320 | 2,032,080 | 2,075,050 | 2,063,760 | 2,087,450 | 2,072,630 | 2,084,620 | 2,191,740 | 2,284,580 |
| ROA | -3.25% | 1.41% | 1.76% | 1.75% | 2.08% | -3.15% | -3.44% | -4.01% | -5.30% | -1.18% | -1.13% | -0.74% | 0.14% | 0.67% | 0.63% | -3.76% | -4.21% | -7.95% | -7.00% | -2.26% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-59,660K ÷ $1,834,890K
= -3.25%
Matthews International Corporation's return on assets (ROA) has been fluctuating over the past several quarters. The ROA was negative in the recent quarter at -3.25%, indicating that the company generated a negative return on its assets. Prior to the most recent quarter, the ROA had been positive for three consecutive quarters, with the highest being 2.08% in the third quarter of 2023.
However, looking at the broader trend, Matthews International Corporation's ROA has shown inconsistency and volatility, with both positive and negative values recorded in recent quarters. The negative ROA values suggest that the company may be struggling to generate earnings from its assets efficiently.
It is important for investors and stakeholders to monitor the company's ability to effectively utilize its assets to generate profits and assess the reasons behind the fluctuations in the ROA. Further analysis of the company's operational efficiency, asset management, and overall financial performance would be necessary to understand the factors driving the changes in ROA over time.