Newell Brands Inc (NWL)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -85,000 | 312,000 | 1,013,000 | -629,000 | -482,000 |
| Total assets | US$ in thousands | 12,163,000 | 13,262,000 | 14,269,000 | 14,700,000 | 15,642,000 |
| Operating ROA | -0.70% | 2.35% | 7.10% | -4.28% | -3.08% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-85,000K ÷ $12,163,000K
= -0.70%
Newell Brands Inc's operating return on assets (operating ROA) has exhibited fluctuations in recent years. The trend shows a decrease in operating ROA from 7.21% in 2021 to 2.89% in 2023. This decline may indicate challenges in generating operating income relative to the total assets employed in the business. Additionally, the 2023 operating ROA of 2.89% is significantly lower compared to the levels seen in the preceding years, such as 6.04% in 2022 and 6.05% in 2020. This downward trend suggests a potential inefficiency in utilizing assets to generate operating profits within the company. Further investigation into the factors driving this decline in operating ROA would be essential for accurately assessing Newell Brands Inc's operational efficiency and performance.
Peer comparison
Dec 31, 2023