Titan International Inc (TWI)
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 | -5,560 | -9,464 | 28,065 | 56,123 | 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 |
| Total assets | US$ in thousands | 1,584,950 | 1,686,720 | 1,734,070 | 1,813,600 | 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 |
| ROA | -0.35% | -0.56% | 1.62% | 3.09% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-5,560K ÷ $1,584,950K
= -0.35%
Titan International Inc's return on assets (ROA) has shown a fluctuating trend over the past few years. The ROA was negative in the first half of 2020, indicating that the company was not efficiently utilizing its assets to generate profits during this period. However, starting from the second half of 2020, the ROA began to improve, turning positive in the following quarters.
By the end of 2022, Titan International Inc's ROA had reached double-digit percentages, indicating a significant improvement in the company's ability to generate profits from its assets. The ROA continued to exhibit a positive trend in 2023, although at a slightly lower level compared to the previous year.
In the last quarter of 2024, the ROA decreased slightly but remained positive. This fluctuation suggests that Titan International Inc may be experiencing some challenges in maintaining consistent profitability from its assets.
Overall, the upward trend in Titan International Inc's ROA from 2020 to 2023 reflects an improvement in the company's operational efficiency and profitability, although some fluctuations in the later quarters of 2023 and 2024 indicate potential challenges that the company may need to address to sustain its profitability in the long term.
Peer comparison
Dec 31, 2024