Pitney Bowes Inc (PBI)
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 | -385,627 | -155,495 | -137,489 | 8,382 | 36,940 | 31,911 | 35,491 | 51,011 | -1,351 | 17,648 | 19,932 | -3,430 | -180,376 | -23,946 | -38,422 | -11,219 | 194,609 | 67,882 | 151,284 | 179,182 |
| Total assets | US$ in thousands | 4,272,180 | 4,422,700 | 4,423,360 | 4,530,850 | 4,741,360 | 4,593,150 | 4,677,590 | 4,787,060 | 4,958,870 | 4,954,610 | 5,013,300 | 4,941,180 | 5,224,360 | 5,044,030 | 5,116,180 | 4,893,430 | 5,469,960 | 5,597,220 | 5,757,990 | 5,806,260 |
| ROA | -9.03% | -3.52% | -3.11% | 0.18% | 0.78% | 0.69% | 0.76% | 1.07% | -0.03% | 0.36% | 0.40% | -0.07% | -3.45% | -0.47% | -0.75% | -0.23% | 3.56% | 1.21% | 2.63% | 3.09% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-385,627K ÷ $4,272,180K
= -9.03%
Based on the data provided for Pitney Bowes, Inc.'s return on assets (ROA) over the past eight quarters, the company's ROA has shown a downward trend, starting at a positive 1.07% in Q1 2022 and gradually declining to a negative 9.03% in Q4 2023.
The negative ROA in the most recent quarter indicates that the company's net income generated from its assets is insufficient to cover its total assets. This could be a cause for concern as a negative ROA suggests inefficient use of assets, which may be indicative of operational inefficiencies or declining profitability.
Overall, Pitney Bowes, Inc.'s declining ROA trend warrants further investigation to identify the underlying reasons for the decreasing profitability and to take appropriate measures to improve the company's return on assets in the future quarters.