The Mosaic Company (MOS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,164,900 | 3,582,800 | 1,630,600 | 666,100 | -1,067,400 |
| Total assets | US$ in thousands | 23,032,800 | 23,386,000 | 22,036,400 | 19,789,800 | 19,298,500 |
| ROA | 5.06% | 15.32% | 7.40% | 3.37% | -5.53% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,164,900K ÷ $23,032,800K
= 5.06%
The Return on Assets (ROA) of Mosaic Company has varied over the past five years. The ROA was positive in all years except in 2019 when it was negative at -5.53%. The trend shows an improvement in profitability as the ROA increased from 3.37% in 2020 to 5.06% in 2023. The peak ROA of 15.32% in 2022 indicates a strong performance in utilizing its assets to generate profit. Overall, the company has shown an ability to generate returns from its assets, with the most recent year showing a positive trend in efficiency and profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
The Mosaic Company
MOS
5.06%
CF Industries Holdings Inc
CF
10.61%
Scotts Miracle-Gro Company
SMG
-1.22%