Newell Brands Inc (NWL)
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 | -388,000 | -551,000 | -314,000 | -133,000 | 197,000 | 544,000 | 740,000 | 757,000 | 622,000 | 655,000 | 744,000 | 606,000 | -766,000 | -103,000 | -1,033,000 | -1,021,000 | 107,000 | -503,000 | -7,188,000 | -7,146,300 |
| 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 |
| ROA | -3.19% | -4.38% | -2.41% | -1.00% | 1.49% | 3.71% | 5.12% | 5.33% | 4.36% | 4.51% | 5.09% | 4.23% | -5.21% | -0.70% | -7.25% | -7.34% | 0.68% | -3.14% | -40.69% | -39.47% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-388,000K ÷ $12,163,000K
= -3.19%
Newell Brands Inc's return on assets (ROA) has been fluctuating over the past eight quarters. The company experienced a downward trend in ROA from Q1 2022 to Q4 2023, with the ROA decreasing from 5.05% to -3.19%. This indicates a decrease in the company's ability to generate profits relative to its total assets over this period.
The negative ROA values seen in the recent quarters suggest that Newell Brands Inc is facing challenges in efficiently utilizing its assets to generate profits. This may be indicative of operational inefficiencies or decreasing profitability. It is essential for the company to address these issues to improve its financial performance and ROA in the future.
Peer comparison
Dec 31, 2023