Titan International Inc (TWI)

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 78,760 123,365 147,254 184,218 176,302 161,860 129,878 59,934 49,586 4,774 -19,056 -21,328 -60,388 -68,009 -74,510 -75,889 -48,426 -35,882 -14,443 417
Total assets US$ in thousands 1,289,240 1,257,740 1,305,150 1,344,810 1,284,630 1,247,480 1,289,180 1,269,300 1,182,680 1,144,260 1,127,440 1,071,450 1,031,880 1,016,350 1,031,290 1,060,250 1,114,310 1,189,600 1,269,530 1,325,260
ROA 6.11% 9.81% 11.28% 13.70% 13.72% 12.97% 10.07% 4.72% 4.19% 0.42% -1.69% -1.99% -5.85% -6.69% -7.22% -7.16% -4.35% -3.02% -1.14% 0.03%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $78,760K ÷ $1,289,240K
= 6.11%

Titan International, Inc.'s return on assets (ROA) has fluctuated over the past eight quarters. In Q4 2023, the ROA was 6.11%, which was lower compared to the previous quarter but higher than Q1 2022 and Q2 2022. This decrease may indicate a decrease in the company's efficiency in generating profits from its assets in the most recent quarter.

However, Titan International had higher ROA figures in the preceding quarters, with a peak of 13.70% in Q1 2023. The substantial increase in ROA from Q2 2022 to Q1 2023 suggests that the company was efficiently utilizing its assets during that period to generate profits.

Overall, Titan International's ROA has shown variability, with some quarters displaying strong asset utilization and others showing a decline. It is essential for investors and stakeholders to closely monitor the company's asset management strategies and profitability performance to assess its overall financial health and efficiency in utilizing its assets.


Peer comparison

Dec 31, 2023