Regal Beloit Corporation (RRX)
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 | -57,400 | -11,800 | 247,500 | 357,400 | 488,900 | 382,600 | 342,600 | 285,000 | 228,300 | 283,500 | 268,700 | 212,400 | 189,300 | 175,600 | 160,300 | 198,800 | 238,900 | 257,800 | 259,400 | 258,700 |
| Total assets | US$ in thousands | 15,431,400 | 15,365,000 | 15,857,800 | 16,547,400 | 10,268,900 | 10,249,000 | 10,458,500 | 10,471,100 | 10,367,400 | 4,485,000 | 4,773,700 | 4,627,200 | 4,589,000 | 4,479,400 | 4,408,100 | 4,585,900 | 4,430,700 | 4,478,300 | 4,660,300 | 4,705,900 |
| ROA | -0.37% | -0.08% | 1.56% | 2.16% | 4.76% | 3.73% | 3.28% | 2.72% | 2.20% | 6.32% | 5.63% | 4.59% | 4.13% | 3.92% | 3.64% | 4.34% | 5.39% | 5.76% | 5.57% | 5.50% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-57,400K ÷ $15,431,400K
= -0.37%
Regal Rexnord Corp's Return on Assets (ROA) has experienced fluctuations over the past eight quarters. The ROA has been on a downward trend from 4.76% in Q4 2022 to -0.37% in Q4 2023, indicating a decline in the company's ability to generate profits relative to its total assets. This negative trend may raise concerns about the company's operational efficiency and profitability. The declining ROA suggests that the company may not be effectively utilizing its assets to generate earnings for its shareholders. Further analysis and investigation into the reasons behind this downward trend in ROA are recommended to identify areas for improvement and strategic changes to enhance the company's overall financial performance.
Peer comparison
Dec 31, 2023