The Andersons Inc (ANDE)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 101,190 | 131,080 | 103,986 | 7,710 | 18,307 |
| Total assets | US$ in thousands | 3,855,010 | 4,608,000 | 4,569,220 | 4,272,120 | 3,900,740 |
| ROA | 2.62% | 2.84% | 2.28% | 0.18% | 0.47% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $101,190K ÷ $3,855,010K
= 2.62%
Andersons Inc.'s return on assets (ROA) has shown fluctuation over the past five years. In 2023, the ROA decreased to 2.62% from 2.84% in 2022, indicating a slight decline in the company's ability to generate profits from its assets. Despite this decrease, the ROA remains relatively strong compared to previous years. In 2021, the ROA improved to 2.28% from 0.18% in 2020, showing a significant rebound in profitability efficiency. The substantial increase in 2021 suggests that the company made effective use of its assets to generate earnings. In 2019, the ROA was 0.47%, indicating an improvement compared to 2020 but lower than the subsequent years. Overall, Andersons Inc.'s ROA performance indicates varying levels of asset utilization efficiency and profitability over the past five years, with notable fluctuations in performance.
Peer comparison
Dec 31, 2023