Avient Corp (AVNT)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,319,200	2,276,900	2,334,700	2,349,800	2,334,500	1,720,400	1,809,700	1,813,200	1,774,700	1,768,800	1,768,200	1,707,000	1,697,100	1,597,000	1,551,300	1,538,600	1,051,900	591,400	570,400	568,200
ROE		3.26%	25.98%	24.68%	27.19%	30.12%	10.95%	13.90%	13.00%	13.01%	15.56%	12.67%	10.43%	7.75%	32.72%	36.35%	37.90%	55.96%	22.78%	24.88%	26.59%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $75,700K ÷ $2,319,200K
= 3.26%

Avient Corp's return on equity (ROE) has shown fluctuations over the past eight quarters. In Q4 2023, the ROE decreased significantly to 3.26%, showcasing a notable decline from the previous quarter's level of 25.98%. However, the ROE remained relatively strong compared to Q1 and Q2 of 2023, which recorded ROEs of 27.19% and 24.68%, respectively. The highest ROE in recent quarters was observed in Q4 2022, reaching 30.12%.

Overall, the company's ROE has displayed variability, with periods of both positive and negative performance. It would be important to further investigate the factors driving these fluctuations to assess the sustainability and efficiency of Avient Corp's operations and financial management.