Mercer International Inc (MERC)
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 | -242,056 | -134,816 | -42,114 | 127,564 | 247,039 | 301,537 | 303,909 | 253,952 | 170,988 | 83,489 | 21,916 | -7,910 | -17,235 | -76,979 | -83,317 | -64,647 | -9,639 | 108,091 | 148,060 | 154,556 |
| Total assets | US$ in thousands | 2,662,580 | 2,655,000 | 2,633,370 | 2,740,480 | 2,725,040 | 2,543,980 | 2,415,720 | 2,456,940 | 2,351,230 | 2,231,750 | 2,214,700 | 2,178,270 | 2,129,130 | 2,044,740 | 1,973,610 | 1,951,990 | 2,065,720 | 1,949,650 | 2,029,780 | 2,013,400 |
| ROA | -9.09% | -5.08% | -1.60% | 4.65% | 9.07% | 11.85% | 12.58% | 10.34% | 7.27% | 3.74% | 0.99% | -0.36% | -0.81% | -3.76% | -4.22% | -3.31% | -0.47% | 5.54% | 7.29% | 7.68% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-242,056K ÷ $2,662,580K
= -9.09%
Mercer International Inc.'s return on assets (ROA) has been fluctuating over the past eight quarters. The ROA was positive in most of the quarters, with the highest value of 12.58% in Q2 2022. However, the ROA turned negative in the last four quarters, reaching a low of -9.09% in Q4 2023. This negative trend indicates that the company's profitability in generating earnings from its assets has decreased over time. It is important for Mercer International Inc. to closely monitor its asset utilization and efficiency in order to improve its ROA and overall financial performance.