Avient Corp (AVNT)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	329,300	312,900	270,000	259,800	222,900	154,100	128,100	195,300	266,800	340,400	410,800	389,400	381,200	372,200	327,000	256,900	189,300	144,800	154,400	188,000
Total assets	US$ in thousands	5,811,100	6,047,300	5,907,800	5,876,100	5,968,500	5,789,700	6,051,800	6,111,200	6,085,000	6,307,100	5,043,600	5,043,700	5,002,900	5,011,000	5,047,400	4,909,400	4,871,300	4,709,900	4,337,000	3,742,700
Operating ROA		5.67%	5.17%	4.57%	4.42%	3.73%	2.66%	2.12%	3.20%	4.38%	5.40%	8.14%	7.72%	7.62%	7.43%	6.48%	5.23%	3.89%	3.07%	3.56%	5.02%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $329,300K ÷ $5,811,100K
= 5.67%

Avient Corp's operating return on assets (ROA) has shown fluctuations over the quarters. The trend in operating ROA indicates that the company's ability to generate profits from its assets has varied over time.

From March 31, 2020, to March 31, 2022, the operating ROA increased steadily from 5.02% to 8.14%, indicating improving efficiency in utilizing assets to generate operating income. However, from September 30, 2022, to June 30, 2023, a decreasing trend is observed, with operating ROA declining from 5.40% to 2.12%.

The operating ROA rebounded in the following quarters, reaching 5.67% by December 31, 2024. This recovery suggests that the company may have implemented measures to improve its asset utilization efficiency.

Overall, Avient Corp's operating ROA performance appears to be volatile, with periods of growth and decline. It is important for the company to focus on consistently improving asset utilization to sustain profitability in the long term.