Avantor Inc (AVTR)

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	711,500	309,600	360,200	260,000	321,100	364,300	422,900	617,600	686,500	638,800	628,600	599,000	572,600	530,200	331,200	233,600	116,600	135,600	199,900	91,000
Total assets	US$ in thousands	12,114,500	12,840,600	12,693,500	12,763,400	12,972,700	12,798,100	13,063,300	13,395,900	13,464,300	13,113,300	13,430,900	13,836,400	13,897,200	12,199,200	11,249,700	9,738,800	9,906,500	9,938,400	9,867,000	9,786,200
ROA		5.87%	2.41%	2.84%	2.04%	2.48%	2.85%	3.24%	4.61%	5.10%	4.87%	4.68%	4.33%	4.12%	4.35%	2.94%	2.40%	1.18%	1.36%	2.03%	0.93%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $711,500K ÷ $12,114,500K
= 5.87%

Avantor Inc's return on assets (ROA) has shown fluctuating trends over the past few years. From March 31, 2020, to December 31, 2022, the ROA increased gradually from 0.93% to 5.10%, indicating that the company's ability to generate profits from its assets improved during this period. Notably, there was a significant jump in ROA from June 30, 2022, to December 31, 2022, suggesting a notable efficiency improvement in asset utilization.

However, in the subsequent periods from March 31, 2023, to December 31, 2024, the ROA displayed a downward trend, with fluctuations ranging from 2.04% to 5.87%. This decline could imply challenges in maintaining or further enhancing profitability relative to the level of assets employed.

Overall, Avantor Inc's ROA performance has seen both positive and negative shifts, indicating varying levels of asset efficiency and profitability throughout the reporting periods. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational efficiency and financial performance.