Air Products and Chemicals Inc (APD)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,466,100 | 2,780,300 | 2,686,900 | 2,509,500 | 2,494,600 | 2,382,500 | 2,365,700 | 2,467,800 | 2,338,800 | 2,329,000 | 2,278,700 | 2,265,300 | 2,281,400 | 2,224,900 | 2,187,000 | 2,215,700 | 2,237,600 | 2,280,600 | 2,311,100 | 2,250,400 |
| Total assets | US$ in thousands | 39,574,600 | 36,974,300 | 35,921,700 | 34,118,200 | 32,002,500 | 30,929,500 | 29,435,400 | 28,278,300 | 27,192,600 | 27,489,000 | 27,449,700 | 27,125,300 | 26,859,200 | 26,252,100 | 26,158,900 | 26,088,100 | 25,168,500 | 24,782,100 | 19,501,200 | 19,651,600 |
| Operating ROA | 11.29% | 7.52% | 7.48% | 7.36% | 7.80% | 7.70% | 8.04% | 8.73% | 8.60% | 8.47% | 8.30% | 8.35% | 8.49% | 8.48% | 8.36% | 8.49% | 8.89% | 9.20% | 11.85% | 11.45% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,466,100K ÷ $39,574,600K
= 11.29%
Air Products and Chemicals Inc's operating return on assets (operating ROA) has shown some fluctuations over the last few quarters. The operating ROA for the latest quarter, as of September 30, 2024, was at 11.29%, reflecting an increase compared to the previous quarter. This indicates that the company generated approximately $0.1129 in operating income for every $1 of assets it owns.
Looking at the trend over the past few quarters, we observe a general fluctuation in the operating ROA levels. However, the operating ROA has been relatively stable, ranging between 7.36% and 11.85%. The company has generally maintained a healthy level of operating efficiency and profitability in utilizing its assets to generate operating income.
It is worth noting that the operating ROA peaked at 11.85% in the first quarter of 2020, indicating a high level of operating efficiency and profitability at that time. Since then, there has been some fluctuation in the operating ROA, which can be influenced by various factors such as changes in operating income, asset utilization, and economic conditions.
Overall, Air Products and Chemicals Inc's operating ROA performance suggests that the company has been effectively managing its assets to generate operating income. Investors and stakeholders may continue to monitor this metric to assess the company's operational efficiency and profitability.
Peer comparison
Sep 30, 2024