NCR Voyix Corporation (VYX)
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 | -423,000 | -121,000 | 77,000 | 101,000 | 60,000 | 140,000 | 83,000 | 33,000 | 97,000 | -164,000 | -145,000 | -72,000 | -79,000 | 461,000 | 520,000 | 544,000 | 558,000 | 155,000 | 137,000 | -108,000 |
| Total assets | US$ in thousands | 4,990,000 | 13,215,000 | 11,275,000 | 11,440,000 | 11,507,000 | 11,783,000 | 11,756,000 | 11,715,000 | 11,641,000 | 11,589,000 | 12,063,000 | 8,702,000 | 8,414,000 | 9,828,000 | 9,949,000 | 9,555,000 | 8,987,000 | 8,451,000 | 8,222,000 | 8,198,000 |
| ROA | -8.48% | -0.92% | 0.68% | 0.88% | 0.52% | 1.19% | 0.71% | 0.28% | 0.83% | -1.42% | -1.20% | -0.83% | -0.94% | 4.69% | 5.23% | 5.69% | 6.21% | 1.83% | 1.67% | -1.32% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-423,000K ÷ $4,990,000K
= -8.48%
NCR Voyix Corporation's return on assets (ROA) has displayed significant fluctuation over the past few quarters. The company experienced negative ROA figures in some periods, indicating that its assets were not generating sufficient income. However, the ROA turned positive in the subsequent quarters, although at varying levels.
The most recent data shows a ROA of -8.48% for Dec 31, 2023, which suggests that the company's assets were not effectively utilized to generate profits during that period. This negative trend is a concern and may indicate inefficiencies in the company's operations or poor asset management.
In contrast, the company achieved relatively higher ROA figures in the earlier quarters, peaking at 6.21% for Mar 31, 2020. This indicates that during that period, the company was able to generate a significant return relative to its assets, which reflects efficient asset utilization and potentially strong financial performance.
Overall, the fluctuating ROA trend observed in NCR Voyix Corporation's financial statements suggests varying levels of efficiency in utilizing its assets to generate profits. Further analysis of the underlying factors contributing to these changes is recommended to understand the company's financial performance more comprehensively.