Allegheny Technologies Incorporated (ATI)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 367,800 | 376,400 | 369,400 | 377,900 | 396,300 | 520,100 | 505,500 | 377,100 | 323,500 | 24,200 | 11,800 | 600 | -38,200 | -1,129,400 | -1,228,200 | -1,601,600 | -1,572,600 | -395,100 | -234,000 | 263,700 |
| Total assets | US$ in thousands | 5,230,600 | 5,065,800 | 4,921,400 | 4,782,100 | 4,985,100 | 4,731,100 | 4,434,700 | 4,287,300 | 4,445,600 | 4,287,800 | 4,229,400 | 4,236,100 | 4,285,200 | 4,626,500 | 3,974,000 | 4,068,500 | 4,034,900 | 5,063,900 | 5,169,400 | 5,807,100 |
| ROA | 7.03% | 7.43% | 7.51% | 7.90% | 7.95% | 10.99% | 11.40% | 8.80% | 7.28% | 0.56% | 0.28% | 0.01% | -0.89% | -24.41% | -30.91% | -39.37% | -38.97% | -7.80% | -4.53% | 4.54% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $367,800K ÷ $5,230,600K
= 7.03%
Allegheny Technologies Incorporated's return on assets (ROA) has shown significant fluctuations over the past few years. The ROA was negative for several quarters in 2020 and early 2021, indicating that the company was not generating sufficient earnings relative to its assets during that period.
However, starting from the second half of 2021, the ROA started to improve gradually, turning positive by the end of the year. This positive trend continued into 2022 and 2023, with the ROA increasing consistently each quarter during this period.
By the end of 2024, Allegheny Technologies Incorporated's ROA stabilized at around 7-8%, suggesting that the company was able to efficiently utilize its assets to generate profits. This improvement in ROA indicates that the company may have implemented strategic changes or operational efficiencies that positively impacted its profitability relative to the assets it holds. It is essential for the company to sustain this positive trend in ROA to demonstrate continued financial health and operational effectiveness.