Molson Coors Brewing Co Class B (TAP)
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 | 948,900 | 255,100 | 40,800 | -254,300 | -175,300 | 495,200 | 731,800 | 1,073,100 | 1,005,700 | -444,100 | -554,300 | -747,900 | -949,000 | 584,500 | -161,100 | -26,700 | 241,700 | 154,000 | 895,100 | 989,800 |
| Total assets | US$ in thousands | 26,375,100 | 26,568,400 | 26,789,600 | 25,852,500 | 25,868,300 | 26,708,500 | 27,387,900 | 27,721,500 | 27,619,000 | 27,643,500 | 28,519,900 | 27,163,600 | 27,331,100 | 28,675,300 | 28,638,800 | 28,461,100 | 28,859,800 | 28,751,600 | 30,061,600 | 29,823,600 |
| ROA | 3.60% | 0.96% | 0.15% | -0.98% | -0.68% | 1.85% | 2.67% | 3.87% | 3.64% | -1.61% | -1.94% | -2.75% | -3.47% | 2.04% | -0.56% | -0.09% | 0.84% | 0.54% | 2.98% | 3.32% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $948,900K ÷ $26,375,100K
= 3.60%
Based on the data provided, Molson Coors Beverage Company's return on assets (ROA) has shown fluctuations over the past eight quarters. In Q4 2023, the ROA stood at 3.60%, marking a significant improvement from the previous quarter's 0.96%. This increase indicates that the company generated 3.60 cents of profit for every dollar of assets it owns during that quarter.
The ROA had been on a downward trend from Q1 2023 to Q2 2023, reaching a negative figure in Q1 2023 (-0.98%), suggesting that during this period, Molson Coors was facing challenges in efficiently utilizing its assets to generate profit. However, the company managed to reverse this trend in the subsequent quarters.
Comparing the recent data to the same period last year, there has been a fluctuation in ROA performance. Q4 2023's ROA of 3.60% is an improvement over Q4 2022's -0.68%, indicating a positive turnaround in the company's asset utilization efficiency.
Overall, the recent increase in ROA is a positive sign for Molson Coors Beverage Company, indicating improved profitability relative to its asset base. However, it is essential to monitor future quarters to assess the sustainability of this performance trend.
Peer comparison
Dec 31, 2023