Avient Corp (AVNT)

Return on assets (ROA)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 75,700 703,100 230,800 131,600 588,600
Total assets US$ in thousands 5,968,500 6,085,000 4,997,200 4,870,500 3,273,300
ROA 1.27% 11.55% 4.62% 2.70% 17.98%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $75,700K ÷ $5,968,500K
= 1.27%

Avient Corp's return on assets (ROA) has fluctuated over the past five years, ranging from a high of 17.98% in 2019 to a low of 1.27% in 2023. The ROA of 11.55% in 2022 was significantly higher than the other years. This indicates that the company generated $0.1155 in profit for every dollar of assets in 2022. The relatively lower ROA in 2023 suggests a decrease in the company's efficiency in generating profits from its assets compared to the previous year. It would be advisable to further investigate the factors contributing to this decline and take appropriate measures to improve asset utilization efficiency.


Peer comparison

Dec 31, 2023