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