The Mosaic Company (MOS)
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 | 1,164,900 | 1,322,800 | 2,168,700 | 2,835,600 | 3,582,800 | 3,724,400 | 3,254,600 | 2,655,900 | 1,630,600 | 1,793,700 | 1,415,600 | 1,025,800 | 666,100 | -1,082,800 | -1,120,700 | -1,401,200 | -1,067,400 | -34,100 | 257,500 | 558,500 |
| Total assets | US$ in thousands | 23,032,800 | 22,654,400 | 23,140,200 | 22,857,500 | 23,386,000 | 23,437,600 | 23,985,600 | 23,423,100 | 22,036,400 | 21,081,500 | 21,473,500 | 19,902,100 | 19,789,800 | 18,851,600 | 19,020,600 | 18,975,500 | 19,298,500 | 20,440,100 | 20,643,900 | 20,445,300 |
| ROA | 5.06% | 5.84% | 9.37% | 12.41% | 15.32% | 15.89% | 13.57% | 11.34% | 7.40% | 8.51% | 6.59% | 5.15% | 3.37% | -5.74% | -5.89% | -7.38% | -5.53% | -0.17% | 1.25% | 2.73% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,164,900K ÷ $23,032,800K
= 5.06%
The return on assets (ROA) for Mosaic Company has demonstrated a downward trend over the past several quarters. In Q4 2022, the ROA was at its peak at 15.32%, declining to 5.06% by Q4 2023. This indicates a significant decrease in the company's ability to generate profit from its assets over time.
The fluctuation in ROA could be attributed to various factors such as changes in revenue, expenses, or asset utilization efficiency. The substantial drop in ROA from Q1 2023 to Q4 2023 suggests a potential deterioration in the company's profitability and efficiency in utilizing its assets to generate earnings.
It would be advisable for Mosaic Company to analyze the underlying reasons for the declining ROA and implement strategic measures to improve asset productivity and overall profitability in order to enhance shareholder value and long-term sustainability.
Peer comparison
Dec 31, 2023