Whirlpool Corporation (WHR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 481,000 | -1,519,000 | 1,783,000 | 1,075,000 | 1,168,000 |
| Total assets | US$ in thousands | 17,312,000 | 17,124,000 | 20,285,000 | 20,436,000 | 18,973,000 |
| ROA | 2.78% | -8.87% | 8.79% | 5.26% | 6.16% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $481,000K ÷ $17,312,000K
= 2.78%
Whirlpool Corp.'s return on assets (ROA) has varied significantly over the past five years. In 2023, the company's ROA improved to 2.78%, up from a negative ROA of -8.87% in 2022. This indicates that Whirlpool was able to generate a positive return on its assets in 2023 after experiencing a loss in the previous year.
Looking further back, the company had a strong ROA of 8.79% in 2021, which declined to 5.31% in 2020. The decline in ROA from 2021 to 2020 suggests that the company's asset utilization may have decreased or its profitability may have been impacted.
Comparing the most recent ROA in 2023 to 2019, when it was 6.27%, it appears that the company's return on assets has slightly improved over this five-year period.
Overall, Whirlpool Corp.'s ROA performance has shown fluctuations over the years, indicating varying levels of efficiency in generating profits from its assets. Maintaining a positive ROA and striving for consistent improvement in asset utilization and profitability remain important goals for the company.
Peer comparison
Dec 31, 2023