PHINIA Inc. (PHIN)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 98,000 | 92,000 | 96,000 |
| Total assets | US$ in thousands | 3,768,000 | 4,024,000 | 3,978,000 |
| ROA | 2.60% | 2.29% | 2.41% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $98,000K ÷ $3,768,000K
= 2.60%
The Return on Assets (ROA) of PHINIA Inc. has been fairly consistent over the three periods analyzed. As of March 31, 2024, the ROA stood at 2.41%, showing a decent return generated from the company's assets. This figure slightly decreased to 2.29% by September 30, 2024, implying a marginal decline in profitability relative to the company's asset base. However, the ROA bounced back to 2.60% as of December 31, 2024, indicating an improvement in the company's ability to generate earnings from its assets. Overall, the trend suggests a stable performance in utilizing its assets efficiently to generate profits over the periods analyzed.
Peer comparison
Dec 31, 2024