Mohawk Industries Inc (MHK)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 517,600 | 563,888 | -358,571 | -414,771 | -439,571 | -545,603 | -318,857 | -139,626 | 25,503 | 181,136 | 985,827 | 1,041,681 | 1,033,159 | 1,092,292 | 1,026,431 | 641,889 | 515,596 | 532,041 | 482,442 | 733,140 |
| Total assets | US$ in thousands | 12,778,600 | 13,313,200 | 13,279,600 | 13,531,500 | 13,559,900 | 13,138,500 | 14,585,200 | 14,763,500 | 14,120,400 | 13,801,000 | 14,689,500 | 14,386,700 | 14,224,500 | 14,450,300 | 14,792,800 | 14,290,100 | 14,327,800 | 13,784,200 | 13,369,400 | 13,256,900 |
| ROA | 4.05% | 4.24% | -2.70% | -3.07% | -3.24% | -4.15% | -2.19% | -0.95% | 0.18% | 1.31% | 6.71% | 7.24% | 7.26% | 7.56% | 6.94% | 4.49% | 3.60% | 3.86% | 3.61% | 5.53% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $517,600K ÷ $12,778,600K
= 4.05%
From March 31, 2020, to June 30, 2022, Mohawk Industries Inc experienced fluctuating returns on assets (ROA) ranging from a low of 3.61% to a high of 7.56%. The company's ROA demonstrated an overall positive trend during this period, indicating that management was effectively utilizing assets to generate profits.
However, starting from September 30, 2022, there was a significant decline in ROA, dropping to 1.31% by the end of that quarter. This downward trend continued through December 31, 2024, where ROA was recorded at 4.05%.
It's worth noting that from March 31, 2023, to June 30, 2024, the company experienced negative ROA figures. This suggests that during this period, Mohawk Industries Inc's assets were not generating sufficient earnings, potentially indicating inefficiencies in asset management or a decline in profitability relative to the size of the asset base.
Overall, the analysis of Mohawk Industries Inc's ROA indicates a mixture of positive performance in the earlier period, followed by a significant decline in profitability efficiency in the later period, highlighting the importance of closely monitoring and managing asset utilization to maintain financial health.
Peer comparison
Dec 31, 2024