Newell Brands Inc (NWL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -388,000 | 197,000 | 622,000 | -766,000 | 107,000 |
| Total assets | US$ in thousands | 12,163,000 | 13,262,000 | 14,269,000 | 14,700,000 | 15,642,000 |
| ROA | -3.19% | 1.49% | 4.36% | -5.21% | 0.68% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-388,000K ÷ $12,163,000K
= -3.19%
Newell Brands Inc's return on assets (ROA) has been quite volatile over the past five years. In 2023, the ROA stood at -3.19%, indicating that the company generated a negative return on its assets during that period. This was a significant decline from the positive ROA of 1.49% in 2022 and 4.03% in 2021. In 2020, the ROA plummeted to -5.24%, reflecting a period of poor asset utilization. However, in 2019, the company achieved a ROA of 0.68%, showing a modest return on its assets.
Overall, Newell Brands Inc's ROA trend is concerning due to the recent negative performance, indicating potential inefficiencies in asset management or declines in profitability. Further investigation into the company's financial health and operational efficiency may be warranted to address these fluctuations in ROA.
Peer comparison
Dec 31, 2023