Matson Inc (MATX)

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	297,100	312,700	458,800	758,700	1,063,900	1,380,400	1,397,600	1,179,400	927,400	618,500	406,200	276,500	193,100	123,100	88,400	74,000	82,700	87,700	93,100	107,300
Total assets	US$ in thousands	4,294,600	4,292,800	4,218,100	4,227,300	4,330,000	4,459,000	4,158,600	3,977,500	3,693,100	3,222,800	3,036,200	2,929,700	2,900,600	2,806,700	2,777,600	2,835,900	2,845,400	2,753,800	2,657,500	2,676,800
ROA		6.92%	7.28%	10.88%	17.95%	24.57%	30.96%	33.61%	29.65%	25.11%	19.19%	13.38%	9.44%	6.66%	4.39%	3.18%	2.61%	2.91%	3.18%	3.50%	4.01%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $297,100K ÷ $4,294,600K
= 6.92%

Matson Inc's return on assets (ROA) has shown a declining trend from Q1 2022 to Q4 2023. The ROA decreased from 29.65% in Q1 2022 to 6.92% in Q4 2023. This decline could suggest that the company's ability to generate profits from its assets has been weakening over time. The significant drop in ROA from 2012 to 2013 to around 30% to 6.92% in 2013 might indicate declining profitability or inefficiencies in asset utilization. Further investigation into the reasons behind this declining trend is warranted to understand the factors impacting Matson Inc's ROA performance.