Air Products and Chemicals Inc (APD)
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 | 3,828,200 | 2,570,900 | 2,469,900 | 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 |
| 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 |
| ROA | 9.67% | 6.95% | 6.88% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,828,200K ÷ $39,574,600K
= 9.67%
Air Products and Chemicals Inc's return on assets (ROA) has shown fluctuation over the past five years, ranging from a high of 9.97% in March 2020 to a low of 6.85% in December 2023. The ROA for the most recent quarter, September 2024, stands at 9.67%, indicating an improvement compared to the previous quarter.
Overall, Air Products and Chemicals Inc's ROA has generally been above 7% over the analyzed period, signifying that the company is effectively utilizing its assets to generate profits. The upward trend in ROA observed in the most recent quarters suggests that the company's asset management efficiency has been improving, which is a positive indicator for investors and stakeholders.
Further analysis of the company's financial statements and industry benchmarks may provide additional insights into the factors driving these variations in ROA and help in assessing the company's overall financial performance and management effectiveness.
Peer comparison
Sep 30, 2024
See also:
Air Products and Chemicals Inc Return on Assets (ROA) (Quarterly Data)