Avient Corp (AVNT)

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	75,700	591,600	576,200	638,800	703,100	188,400	251,600	235,700	230,800	275,300	224,100	178,100	131,600	522,600	563,900	583,200	588,600	134,700	141,900	151,100
Total assets	US$ in thousands	5,968,500	5,789,700	6,051,800	6,111,200	6,085,000	6,307,100	5,043,600	5,047,000	4,997,200	5,011,000	5,047,400	4,909,400	4,870,500	4,709,900	4,337,000	3,742,700	3,273,300	2,946,200	2,930,600	2,961,800
ROA		1.27%	10.22%	9.52%	10.45%	11.55%	2.99%	4.99%	4.67%	4.62%	5.49%	4.44%	3.63%	2.70%	11.10%	13.00%	15.58%	17.98%	4.57%	4.84%	5.10%

December 31, 2023 calculation

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

Avient Corp's return on assets (ROA) has varied significantly over the past eight quarters. In Q4 2023, the ROA was relatively low at 1.27%, indicating that the company generated 1.27 cents of profit for every dollar of assets it had. This marked a significant drop from the previous quarter where the ROA was 10.22%.

Looking at the trend over the past year, Avient Corp's ROA experienced fluctuations, reaching a peak of 11.55% in Q4 2022 and hitting a low of 1.27% in Q4 2023. This suggests that the company's profitability relative to its asset base has been volatile.

Overall, the declining trend in ROA over the past two quarters may raise concerns about the company's ability to efficiently utilize its assets to generate profits. Investors and stakeholders may wish to further investigate the factors contributing to the fluctuating ROA in order to assess the company's financial performance and sustainability.