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.
Peer comparison
Dec 31, 2023