Air Products and Chemicals Inc (APD)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	3,828,200	2,300,200	2,256,100	2,099,100	1,886,700
Total assets	US$ in thousands	39,574,600	32,002,500	27,192,600	26,859,200	25,168,500
ROA		9.67%	7.19%	8.30%	7.82%	7.50%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $3,828,200K ÷ $39,574,600K
= 9.67%

Air Products and Chemicals Inc's Return on Assets (ROA) has shown a positive trend over the past five years. The company's ROA increased from 7.50% in 2020 to 9.67% in 2024, indicating that the company has been efficiently utilizing its assets to generate profits.

The steady increase in ROA signifies that Air Products and Chemicals Inc has been successful in improving its profitability in relation to its total assets. This could be attributed to effective asset management and operational efficiency within the company.

Overall, the improving trend in ROA reflects positively on Air Products and Chemicals Inc's ability to generate earnings from its asset base, which is a key indicator of the company's operational efficiency and financial performance.