Resideo Technologies Inc (REZI)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 116,000 | 175,000 | 176,000 | 196,000 | 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 |
| Total assets | US$ in thousands | 8,199,000 | 8,135,000 | 7,984,000 | 6,520,000 | 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 |
| ROA | 1.41% | 2.15% | 2.20% | 3.01% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $116,000K ÷ $8,199,000K
= 1.41%
The return on assets (ROA) of Resideo Technologies Inc has shown fluctuating trends over the periods indicated in the data. The ROA was negative in the first half of 2020, indicating that the company's net income was insufficient to cover its assets during that time. However, there was a notable improvement in ROA towards the end of 2020 and throughout 2021, reaching a peak of 5.00% by the second quarter of 2022.
From the second half of 2022 onwards, the ROA started to decline gradually, indicating a decrease in the company's ability to generate profit relative to its total assets. Despite this decline, the ROA remained positive, indicating that the company was still generating profit from its assets.
Overall, the general trend in ROA for Resideo Technologies Inc shows improvement from negative values to positive values, with a peak in mid-2022 followed by a gradual decline towards the end of 2024. Monitoring this metric is crucial for assessing the company's efficiency in utilizing its assets to generate profits for its shareholders.