AptarGroup Inc (ATR)
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 | 284,487 | 281,128 | 251,076 | 231,629 | 239,288 | 237,901 | 230,917 | 222,568 | 244,097 | 239,720 | 256,176 | 242,739 | 214,040 | 209,346 | 202,380 | 234,456 | 242,207 | 234,344 | 216,590 | 198,450 |
| Total assets | US$ in thousands | 4,451,890 | 4,298,220 | 4,347,710 | 4,302,800 | 4,203,460 | 4,026,470 | 4,258,110 | 4,407,450 | 4,141,360 | 4,131,480 | 4,110,100 | 3,992,640 | 3,990,050 | 3,861,750 | 3,814,020 | 3,776,550 | 3,562,120 | 3,465,140 | 3,588,720 | 3,415,630 |
| ROA | 6.39% | 6.54% | 5.77% | 5.38% | 5.69% | 5.91% | 5.42% | 5.05% | 5.89% | 5.80% | 6.23% | 6.08% | 5.36% | 5.42% | 5.31% | 6.21% | 6.80% | 6.76% | 6.04% | 5.81% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $284,487K ÷ $4,451,890K
= 6.39%
The return on assets (ROA) for Aptargroup Inc. has shown some fluctuations over the past eight quarters. The company's ROA ranged from 5.05% to 6.54% during this period. In Q3 2023, Aptargroup achieved the highest ROA of 6.54%, indicating that the company generated a profit of 6.54 cents on every dollar of assets it had during that quarter. Conversely, the lowest ROA was observed in Q1 2022 at 5.05%. Overall, the company has been able to maintain a relatively stable ROA above 5% throughout the quarters analyzed, which suggests efficient utilization of assets to generate profits. This metric is important as it helps in assessing how well the company is utilizing its assets to generate earnings for its shareholders.
Peer comparison
Dec 31, 2023