Avantor Inc (AVTR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 711,500 | 321,100 | 686,500 | 572,600 | 116,600 |
| Total assets | US$ in thousands | 12,114,500 | 12,972,700 | 13,464,300 | 13,897,200 | 9,906,500 |
| ROA | 5.87% | 2.48% | 5.10% | 4.12% | 1.18% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $711,500K ÷ $12,114,500K
= 5.87%
The return on assets (ROA) of Avantor Inc has shown variability over the past five years. In December 31, 2020, the ROA was 1.18%, indicating that for every dollar of assets, the company generated 1.18 cents in net income. This figure increased significantly to 4.12% by December 31, 2021, suggesting improved efficiency in asset utilization and profitability.
By December 31, 2022, Avantor Inc further enhanced its ROA to 5.10%, reaching its peak during this period. This suggests that the company was able to generate higher profits relative to its total assets. However, in the following year, December 31, 2023, there was a slight decline in ROA to 2.48%, indicating potential challenges or changes impacting the company's asset performance.
Subsequently, by December 31, 2024, the ROA rebounded to 5.87%, surpassing the previous peak and indicating a strong recovery or improved operational efficiency. Overall, the fluctuation in Avantor Inc's ROA over these years may indicate shifts in asset management strategies, profitability, or external factors influencing the company's financial performance.
Peer comparison
Dec 31, 2024