Avient Corp (AVNT)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 329,300 | 221,500 | 183,600 | 381,200 | 189,300 |
| Total assets | US$ in thousands | 5,811,100 | 5,968,500 | 6,085,000 | 5,002,900 | 4,871,300 |
| Operating ROA | 5.67% | 3.71% | 3.02% | 7.62% | 3.89% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $329,300K ÷ $5,811,100K
= 5.67%
Avient Corp's operating return on assets (operating ROA) has shown a fluctuating trend over the past five years. In 2020, the operating ROA was 3.89%, indicating that the company generated $0.0389 in operating income for every dollar of assets it had. The operating ROA increased significantly to 7.62% in 2021, suggesting improved efficiency in utilizing its assets to generate operating income.
However, in 2022, there was a decrease in operating ROA to 3.02%, signaling a decline in operational performance in generating income relative to its asset base. The following year, in 2023, the operating ROA slightly improved to 3.71%, but it remained below the level observed in 2021.
By the end of 2024, Avient Corp's operating ROA increased to 5.67%, indicating a recovery in operational efficiency and a better utilization of assets to generate operating income compared to the previous year. Overall, the fluctuating trend in operating ROA suggests that the company's ability to generate operating income from its assets has varied over the years, with a notable improvement in 2021 followed by some fluctuations in the subsequent years.
Peer comparison
Dec 31, 2024