Whirlpool Corporation (WHR)
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 | 480,000 | -1,615,000 | -1,555,000 | -2,011,000 | -1,519,000 | 383,000 | 711,000 | 1,663,000 | 1,783,000 | 1,982,000 | 1,903,000 | 1,352,000 | 1,073,000 | 864,000 | 830,000 | 867,000 | 1,184,000 | 1,066,000 | 918,000 | 194,000 |
| Total assets | US$ in thousands | 17,312,000 | 16,889,000 | 16,981,000 | 16,864,000 | 17,124,000 | 17,511,000 | 18,352,000 | 19,487,000 | 20,285,000 | 20,394,000 | 20,081,000 | 20,338,000 | 20,436,000 | 20,359,000 | 18,676,000 | 20,338,000 | 18,973,000 | 18,406,000 | 19,855,000 | 19,686,000 |
| ROA | 2.77% | -9.56% | -9.16% | -11.92% | -8.87% | 2.19% | 3.87% | 8.53% | 8.79% | 9.72% | 9.48% | 6.65% | 5.25% | 4.24% | 4.44% | 4.26% | 6.24% | 5.79% | 4.62% | 0.99% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $480,000K ÷ $17,312,000K
= 2.77%
The return on assets (ROA) for Whirlpool Corp. has been quite volatile over the past eight quarters, ranging from a low of -11.92% in Q1 2023 to a high of 8.53% in Q1 2022. The negative ROA figures in Q1-Q3 2023 indicate that the company's net income generated during those periods was not sufficient to cover its average total assets, resulting in a loss on assets. This could be a result of decreased profitability, inefficient asset utilization, or excessive asset base relative to earnings.
The positive ROA values in Q2 2022 and Q4 2022 suggest that Whirlpool was able to generate higher earnings relative to its assets during those periods, indicating better asset utilization and profitability. However, the company's overall ROA performance seems to be inconsistent and may indicate varying levels of operational efficiency and financial performance over time.
It is important for investors and stakeholders to closely monitor Whirlpool's ROA trends to assess the company's ability to generate profits from its assets effectively and sustainably in the long run. Further analysis of the company's financial statements and business operations would be necessary to identify the underlying factors contributing to the fluctuating ROA figures.
Peer comparison
Dec 31, 2023