Avantor Inc (AVTR)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	321,100	686,500	572,600	116,600	37,800
Total assets	US$ in thousands	12,972,700	13,464,300	13,897,200	9,906,500	9,773,300
ROA		2.48%	5.10%	4.12%	1.18%	0.39%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $321,100K ÷ $12,972,700K
= 2.48%

Avantor Inc's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA stood at 2.48%, representing a decrease from the previous year's 5.10%. Despite this recent decline, the ROA in 2023 is still higher than the values recorded in 2021, 2020, and 2019, indicating a relatively strong performance in terms of generating profits relative to its assets for the most recent year. It's important to note that ROA is a key metric used to evaluate a company's efficiency in utilizing its assets to generate earnings, and the trend over the years suggests that Avantor Inc has demonstrated some variability in this aspect of its financial performance. Further analysis may be necessary to understand the factors driving these fluctuations.