Molson Coors Brewing Co Class B (TAP)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 948,900 | -175,300 | 1,005,700 | -949,000 | 241,700 |
| Total assets | US$ in thousands | 26,375,100 | 25,868,300 | 27,619,000 | 27,331,100 | 28,859,800 |
| ROA | 3.60% | -0.68% | 3.64% | -3.47% | 0.84% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $948,900K ÷ $26,375,100K
= 3.60%
Molson Coors Beverage Company's return on assets (ROA) has fluctuated over the past five years. In 2023, the company achieved an ROA of 3.60%, indicating that it generated a profit of approximately 3.60 cents for every dollar of assets in that year. This represents a strong improvement compared to the negative ROA of -0.68% in 2022.
The significant turnaround in ROA from 2022 to 2023 reflects improved efficiency in asset utilization and profitability. In 2021, Molson Coors had a ROA of 3.64%, which was another positive year for the company in terms of generating returns from its assets.
However, in 2020 and 2019, the ROA was negative at -3.47% and 0.84% respectively, indicating that the company struggled to generate profits from its assets during those years.
Overall, while Molson Coors has shown some variability in its ROA over the past five years, the positive trend in 2023 suggests improved asset efficiency and profitability, possibly due to strategic decisions or operational changes. This positive performance in 2023 may indicate better use of assets to generate profits, which could bode well for the company's financial health and future prospects.
Peer comparison
Dec 31, 2023