Avient Corp (AVNT)

Return on assets (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
Net income (ttm)	US$ in thousands	169,500	149,800	116,700	105,200	75,700	30,500	-2,400	60,200	124,500	170,900	251,600	235,700	230,800	275,300	224,100	178,100	131,600	522,600	563,900	583,200
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
ROA		2.92%	2.48%	1.98%	1.79%	1.27%	0.53%	-0.04%	0.99%	2.05%	2.71%	4.99%	4.67%	4.61%	5.49%	4.44%	3.63%	2.70%	11.10%	13.00%	15.58%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $169,500K ÷ $5,811,100K
= 2.92%

Avient Corp's return on assets (ROA) has displayed fluctuating trends over the analyzed period. The ROA stood at a healthy 15.58% as of March 31, 2020, indicating efficient utilization of assets to generate profits. However, there was a gradual decline in ROA over the subsequent quarters, reaching its lowest point of 0.53% by September 30, 2023.

Following this, there was a moderate recovery in ROA, which increased to 2.92% by December 31, 2024. Although the ROA improved from the lowest point, it remained below the levels observed in the earlier periods of analysis.

The declining trend in ROA from 2020 to 2023 may raise concerns about Avient Corp's ability to generate profits from its assets efficiently during that period. However, the subsequent recovery in ROA indicates some improvements in asset utilization and profitability.

Further analysis of the factors contributing to these fluctuations in ROA, such as changes in revenue, costs, asset efficiency, or financial leverage, would provide a more in-depth understanding of Avient Corp's financial performance.