Mohawk Industries Inc (MHK)
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 | -439,516 | -545,548 | -319,058 | -139,844 | 25,247 | 180,880 | 985,827 | 1,041,681 | 1,033,159 | 1,092,292 | 1,026,431 | 641,889 | 515,596 | 532,041 | 482,442 | 733,140 | 744,211 | 708,883 | 780,378 | 774,523 |
| Total assets | US$ in thousands | 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 | 13,386,700 | 13,392,800 | 13,806,100 | 13,605,100 |
| ROA | -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% | 5.56% | 5.29% | 5.65% | 5.69% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-439,516K ÷ $13,559,900K
= -3.24%
Mohawk Industries, Inc.'s return on assets (ROA) has shown a declining trend over the past eight quarters. The company's ROA was negative for the last four quarters, with values of -3.24%, -4.15%, -2.19%, and -0.95% in Q4 2023, Q3 2023, Q2 2023, and Q1 2023, respectively. This indicates that the company's net income generated from its assets was insufficient to cover its total asset base during these periods.
In the preceding four quarters, Mohawk Industries, Inc. had positive ROA values, with figures of 0.18%, 1.31%, 6.71%, and 7.24% in Q4 2022, Q3 2022, Q2 2022, and Q1 2022, respectively. These positive ROA values suggest that, during this period, the company was able to generate higher net income relative to its total assets, signifying better efficiency in asset utilization.
The overall decreasing trend in ROA indicates a decline in the company's efficiency in generating profit from its assets. Further analysis and investigation are recommended to identify the factors contributing to this decline in ROA and to implement appropriate strategies to improve the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023