Xerox Corp (XRX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,000 | -322,000 | -455,000 | 192,000 | 1,353,000 |
| Total assets | US$ in thousands | 10,008,000 | 11,543,000 | 13,223,000 | 14,741,000 | 15,047,000 |
| ROA | 0.01% | -2.79% | -3.44% | 1.30% | 8.99% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,000K ÷ $10,008,000K
= 0.01%
Xerox Holdings Corp's return on assets (ROA) has shown considerable fluctuation over the past five years. The ROA was 8.90% in 2019, indicating that the company generated $8.90 in profit for every $100 of assets it had at the end of that year. However, the ROA declined to 1.21% in 2020, suggesting a decrease in the profitability generated from its assets.
Subsequently, there was a significant decline in ROA to -3.55% in 2021 and further to -2.91% in 2022, indicating that the company experienced losses in relation to its asset base during those years. The negative ROA values for these years suggest that the company's assets were not effectively utilized to generate profits.
In 2023, Xerox's ROA improved but remained negative at -0.13%, indicating that the company still struggled to generate profits relative to its asset base. Overall, the trend in ROA highlights fluctuations in Xerox's ability to generate profits from its assets efficiently over the five-year period. Further analysis of the company's financial and operational performance may be required to understand the factors contributing to these fluctuations in ROA.
Peer comparison
Dec 31, 2023