Allegheny Technologies Incorporated (ATI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 367,800 | 410,800 | 130,900 | -16,200 | -1,559,600 |
| Total assets | US$ in thousands | 5,230,600 | 4,985,100 | 4,445,600 | 4,285,200 | 4,034,900 |
| ROA | 7.03% | 8.24% | 2.94% | -0.38% | -38.65% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $367,800K ÷ $5,230,600K
= 7.03%
Allegheny Technologies Incorporated's return on assets (ROA) has shown significant volatility over the years, as evidenced by the data provided. In 2020, the company had a notably low ROA of -38.65%, indicating that its assets were not efficiently utilized to generate profits. However, by the end of 2021, there was a marked improvement with a ROA of -0.38%, suggesting a slight recovery in asset performance.
Subsequently, Allegheny Technologies Incorporated's ROA continued to improve, reaching 2.94% by the end of 2022. This positive trend continued into 2023, where the ROA further increased to 8.24%, indicating a significant enhancement in asset efficiency and profitability. By the end of 2024, the company maintained a solid ROA of 7.03%, demonstrating sustained effectiveness in utilizing its assets to generate returns.
Overall, Allegheny Technologies Incorporated has made considerable progress in enhancing its return on assets over the years, indicating improved efficiency in deploying its assets to generate profits and create value for its stakeholders.