Resideo Technologies Inc (REZI)
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 | 210,000 | 167,000 | 209,000 | 253,000 | 283,000 | 311,000 | 316,000 | 280,000 | 242,000 | 234,000 | 241,000 | 107,000 | 37,000 | -31,000 | -98,000 | -33,000 | 36,000 | 61,000 | 364,000 | |
| Total assets | US$ in thousands | 6,645,000 | 6,459,000 | 6,536,000 | 6,399,000 | 6,387,000 | 6,262,000 | 6,316,000 | 6,245,000 | 5,853,000 | 5,834,000 | 5,712,000 | 5,576,000 | 5,610,000 | 5,269,000 | 5,166,000 | 5,287,000 | 5,128,000 | 5,133,000 | 5,160,000 | 5,144,000 |
| ROA | 3.16% | 2.59% | 3.20% | 3.95% | 4.43% | 4.97% | 5.00% | 4.48% | 4.13% | 4.01% | 4.22% | 1.92% | 0.66% | -0.59% | -1.90% | -0.62% | 0.70% | 1.19% | 7.05% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $210,000K ÷ $6,645,000K
= 3.16%
The Return on Assets (ROA) for Resideo Technologies Inc has shown some fluctuations over the past 8 quarters. In Q1 2022, the ROA was at its highest at 5.00%, indicating that the company generated $0.05 in profit for every $1 of assets it owns. However, the ROA has been gradually decreasing since then, reaching its lowest point in Q3 2023 at 2.59%.
The ROA rebounded slightly in Q4 2023 to 3.16%, but it is still below the levels seen in earlier quarters. This suggests that the company may be experiencing some challenges in efficiently utilizing its assets to generate profits. Further analysis is needed to determine the factors contributing to the fluctuations in ROA and to assess the overall financial health and performance of Resideo Technologies Inc.