AptarGroup Inc (ATR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 284,487 | 239,288 | 244,097 | 214,040 | 242,202 |
| Total assets | US$ in thousands | 4,451,890 | 4,203,460 | 4,141,360 | 3,990,050 | 3,562,120 |
| ROA | 6.39% | 5.69% | 5.89% | 5.36% | 6.80% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $284,487K ÷ $4,451,890K
= 6.39%
To analyze Aptargroup Inc.'s return on assets (ROA) over the past five years, we observe a fluctuating trend. In 2023, the ROA stands at 6.39%, showing an improvement compared to the previous year where it was at 5.69%. This indicates that the company generated $0.0639 in profit for every dollar of assets in 2023.
Although the ROA dipped slightly in 2022 to 5.69% from 5.89% in 2021, it rebounded in 2023. The 2023 ROA of 6.39% is higher than the 5-year average of 6.03%.
In 2020 and 2019, the ROA was 5.36% and 6.80%, respectively. The highest ROA in the given period was achieved in 2019 at 6.80%, indicating that Aptargroup was more efficient in utilizing its assets that year.
Overall, Aptargroup Inc. has shown varying levels of efficiency in generating profits from its assets in the past five years, with a notable increase in 2023 compared to the prior year. Investors and stakeholders may view this improvement positively as it suggests an enhanced ability to generate returns on the company's asset base.
Peer comparison
Dec 31, 2023