Newell Brands Inc (NWL)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	-85,000	-348,000	-149,000	59,000	312,000	755,000	1,031,000	1,032,000	1,013,000	1,096,000	1,143,000	977,000	-629,000	-750,000	-1,970,000	-1,902,000	-482,000	-486,800	-7,464,900	-7,612,000
Total assets	US$ in thousands	12,163,000	12,572,000	13,020,000	13,276,000	13,262,000	14,678,000	14,448,000	14,204,000	14,269,000	14,520,000	14,620,000	14,340,000	14,700,000	14,720,000	14,257,000	13,903,000	15,642,000	16,010,200	17,666,300	18,106,100
Operating ROA		-0.70%	-2.77%	-1.14%	0.44%	2.35%	5.14%	7.14%	7.27%	7.10%	7.55%	7.82%	6.81%	-4.28%	-5.10%	-13.82%	-13.68%	-3.08%	-3.04%	-42.26%	-42.04%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-85,000K ÷ $12,163,000K
= -0.70%

The operating return on assets (ROA) of Newell Brands Inc has shown a declining trend over the past eight quarters, starting at 7.37% in Q1 2022 and steadily decreasing to 2.89% in Q4 2023. This indicates that the company's ability to generate operating income from its assets has weakened over this period.

The decreasing trend in operating ROA suggests that Newell Brands Inc may be experiencing challenges in efficiently utilizing its assets to generate operating profits. It is essential for the company to closely monitor and address the factors contributing to this decline in order to improve its profitability and operational performance in the future.