Archer-Daniels-Midland Company (ADM)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,798,000 | 2,601,000 | 3,042,000 | 3,483,000 | 3,937,000 | 4,147,000 | 4,456,000 | 4,340,000 | 4,103,000 | 3,598,000 | 3,074,000 | 2,709,000 | 2,614,000 | 2,313,000 | 2,070,000 | 1,772,000 | 1,589,000 | 1,771,000 | 1,537,000 | 1,379,000 |
| Total assets | US$ in thousands | 52,199,000 | 52,698,000 | 54,831,000 | 54,631,000 | 55,093,000 | 55,499,000 | 58,802,000 | 59,774,000 | 58,304,000 | 61,828,000 | 64,866,000 | 56,136,000 | 52,298,000 | 50,958,000 | 51,478,000 | 49,719,000 | 44,795,000 | 44,341,000 | 48,395,000 | 43,997,000 |
| ROA | 3.44% | 4.94% | 5.55% | 6.38% | 7.15% | 7.47% | 7.58% | 7.26% | 7.04% | 5.82% | 4.74% | 4.83% | 5.00% | 4.54% | 4.02% | 3.56% | 3.55% | 3.99% | 3.18% | 3.13% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,798,000K ÷ $52,199,000K
= 3.44%
Archer-Daniels-Midland Company's return on assets (ROA) has been fluctuating over the past few years. From September 2020 to September 2022, the ROA generally increased from 3.18% to 7.04%, indicating improvement in the company's ability to generate profit from its assets.
However, there was a slight decline in ROA from September 2022 to December 2022, followed by a more significant decrease reaching 3.44% by September 2024. This downward trend may suggest challenges or inefficiencies in utilizing assets to generate profits.
Overall, Archer-Daniels-Midland Company has shown varying ROA figures in recent years, demonstrating the importance of closely monitoring and analyzing the company's asset utilization and profitability to make informed investment decisions.
Peer comparison
Sep 30, 2024