Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,000 | 180,000 | -252,000 | -195,000 | -322,000 | -1,118,000 | -645,000 | -550,000 | -455,000 | 297,000 | 297,000 | 233,000 | 192,000 | 933,000 | 1,064,000 | |||
| Total assets | US$ in thousands | 10,008,000 | 10,444,000 | 10,569,000 | 11,046,000 | 11,543,000 | 11,420,000 | 12,270,000 | 13,082,000 | 13,223,000 | 14,081,000 | 14,110,000 | 14,272,000 | 14,741,000 | 15,352,000 | 14,125,000 | 14,784,000 | 15,047,000 | 14,660,000 |
| ROA | 0.01% | 1.72% | -2.38% | -1.77% | -2.79% | -9.79% | -5.26% | -4.20% | -3.44% | 2.11% | 2.10% | 1.63% | 1.30% | 6.08% | 7.53% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,000K ÷ $10,008,000K
= 0.01%
Based on the data provided for Xerox Holdings Corp, the return on assets (ROA) has been fluctuating over the past eight quarters. In Q3 2023, the ROA was at its highest at 1.59%, indicating that the company generated a positive return on its assets during that period. However, this was preceded by negative ROA figures in the previous quarters, with the lowest ROA recorded in Q3 2022 at -9.91%.
The negative ROA figures suggest that the company may not have been effectively utilizing its assets to generate profits during those quarters. It is concerning that there have been several quarters with negative ROA, as it indicates the company may be facing challenges in efficiently managing its assets to generate returns for its shareholders.
Overall, the fluctuating ROA trend indicates that Xerox Holdings Corp may need to focus on improving its asset management strategies to enhance profitability and efficiency in utilizing its resources effectively in the future.
Peer comparison
Dec 31, 2023