MasTec Inc (MTZ)
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 | -49,949 | -47,478 | -12,878 | -12,208 | 33,354 | 106,774 | 168,965 | 228,204 | 328,831 | 365,287 | 370,691 | 352,245 | 322,826 | 310,626 | 322,735 | 385,430 | 392,300 | 323,300 | 315,400 | 276,200 |
| Total assets | US$ in thousands | 9,373,510 | 9,529,730 | 9,287,800 | 9,055,340 | 9,293,260 | 7,475,700 | 7,404,700 | 7,088,000 | 7,121,400 | 6,013,250 | 5,901,630 | 5,538,300 | 5,227,900 | 5,201,750 | 4,989,980 | 4,893,500 | 4,997,000 | 4,858,650 | 4,797,400 | 4,860,390 |
| ROA | -0.53% | -0.50% | -0.14% | -0.13% | 0.36% | 1.43% | 2.28% | 3.22% | 4.62% | 6.07% | 6.28% | 6.36% | 6.18% | 5.97% | 6.47% | 7.88% | 7.85% | 6.65% | 6.57% | 5.68% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-49,949K ÷ $9,373,510K
= -0.53%
MasTec Inc's return on assets (ROA) has shown fluctuations over the provided period. The ROA has varied from negative values to positive values, indicating changes in the company's profitability in generating earnings from its assets. The trend shows a general decline from a peak of 7.88% in March 2020 to a low of -0.53% in December 2023. This downward trend may be a cause for further analysis to identify reasons for the decreasing effectiveness of MasTec Inc in utilizing its assets to generate profits. It is essential for stakeholders to closely monitor the ROA to assess the company's overall performance and efficiency in utilizing its available resources effectively.
Peer comparison
Dec 31, 2023