Air Products and Chemicals Inc (APD)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,337,300 | 2,300,200 | 2,190,700 | 2,177,200 | 2,267,900 | 2,256,100 | 2,283,400 | 2,234,900 | 2,177,500 | 2,099,100 | 1,975,500 | 1,888,400 | 1,893,100 | 1,886,700 | 1,903,100 | 1,944,600 | 1,888,100 | 1,760,000 | 1,709,700 | 1,695,600 |
| Total assets | US$ in thousands | 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 | 18,942,800 | 19,531,900 | 19,244,500 |
| ROA | 6.85% | 7.19% | 7.08% | 7.40% | 8.02% | 8.30% | 8.31% | 8.14% | 8.03% | 7.82% | 7.53% | 7.22% | 7.26% | 7.50% | 7.68% | 9.97% | 9.61% | 9.29% | 8.75% | 8.81% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,337,300K ÷ $34,118,200K
= 6.85%
To analyze the return on assets (ROA) trend of Air Products & Chemicals Inc., we can observe fluctuations in the ROA percentage over the past eight quarters. The ROA has shown a gradual decline from Q1 2023 to Q1 2024, starting at 8.02% in Q1 2023 and decreasing to 6.85% in Q1 2024, indicating a downward trend in the company's efficiency in generating profits from its assets.
Despite the decrease in ROA, the company has maintained relatively stable performance over the past year, with the ROA staying within the range of 6.85% to 8.31%. This suggests that Air Products & Chemicals Inc. has been able to effectively utilize its assets to generate returns, although there has been a slight decrease in efficiency in recent quarters.
Overall, while the ROA of Air Products & Chemicals Inc. has experienced some fluctuations, it remains within a reasonable range, indicating that the company has been able to generate satisfactory returns relative to its asset base. Continued monitoring of the ROA trend will be essential to assess the company's operational efficiency and financial performance in the future.
Peer comparison
Dec 31, 2023
See also:
Air Products and Chemicals Inc Return on Assets (ROA) (Quarterly Data)