Visteon Corp (VC)
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 | 486,000 | 154,000 | 132,000 | 136,000 | 124,000 | 121,000 | 82,000 | 47,000 | 41,000 | 28,000 | 29,000 | -5,000 | -56,000 | -39,000 | -31,000 | 21,000 | 70,000 | 78,000 | 85,000 | 113,000 |
| Total assets | US$ in thousands | 2,727,000 | 2,357,000 | 2,321,000 | 2,405,000 | 2,450,000 | 2,326,000 | 2,146,000 | 2,243,000 | 2,234,000 | 2,060,000 | 2,122,000 | 2,171,000 | 2,271,000 | 2,164,000 | 2,320,000 | 2,488,000 | 2,271,000 | 2,164,000 | 2,192,000 | 2,182,000 |
| ROA | 17.82% | 6.53% | 5.69% | 5.65% | 5.06% | 5.20% | 3.82% | 2.10% | 1.84% | 1.36% | 1.37% | -0.23% | -2.47% | -1.80% | -1.34% | 0.84% | 3.08% | 3.60% | 3.88% | 5.18% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $486,000K ÷ $2,727,000K
= 17.82%
To analyze Visteon Corp.'s return on assets (ROA) from Q1 2022 to Q4 2023, we can observe a fluctuating trend. The ROA increased from 2.10% in Q1 2022 to 17.82% in Q4 2023, demonstrating a significant improvement in the company's ability to generate profit from its assets.
Throughout the quarters, the ROA shows some variability with peaks and troughs. The ROA remained relatively stable at around 5% during Q2-Q4 2022 before experiencing a notable increase in Q1 2023, which continued to rise in the following quarters.
The sudden surge in ROA in Q1 2023 could indicate that Visteon Corp. implemented strategic improvements to efficiently utilize its assets, leading to enhanced profitability. However, the subsequent fluctuations in Q2 and Q3 2023 suggest potential challenges or varying performance factors impacting the company's asset utilization efficiency.
Overall, the upward trend in ROA over the given period indicates a positive performance trajectory for Visteon Corp. in terms of generating returns from its assets. It would be important for stakeholders to further investigate the factors driving these fluctuations to assess the sustainability of the company's profitability.
Peer comparison
Dec 31, 2023