MasTec Inc (MTZ)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -49,949 | 33,354 | 328,831 | 322,848 | 392,334 |
| Total assets | US$ in thousands | 9,373,510 | 9,293,260 | 7,121,400 | 5,227,900 | 4,997,000 |
| ROA | -0.53% | 0.36% | 4.62% | 6.18% | 7.85% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-49,949K ÷ $9,373,510K
= -0.53%
MasTec Inc's return on assets (ROA) has exhibited a declining trend over the past five years. ROA decreased from 7.85% in 2019 to 6.18% in 2020, followed by a further decline to 4.62% in 2021, and then to 0.36% in 2022. Notably, the company experienced a negative ROA of -0.53% in 2023, indicating that its assets were not generating positive returns during that year. The decreasing trend in ROA suggests potential inefficiencies in asset utilization or declining profitability compared to the previous years. Further analysis of MasTec Inc's financial performance and operational efficiency may be necessary to identify the underlying factors contributing to the declining ROA.
Peer comparison
Dec 31, 2023