Avantor Inc (AVTR)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	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	12,693,500	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	9,773,300	9,763,100
ROA		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%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $360,200K ÷ $12,693,500K
= 2.84%

The return on assets (ROA) for Avantor Inc has shown some fluctuations over the past several periods. ROA measures how efficiently a company is generating profit from its assets.

From December 2019 to June 2020, Avantor's ROA remained relatively stable between 1.18% and 2.03%. However, there was a significant increase in ROA in the first half of 2021, reaching 5.10% in March 2021, indicating the company was more effective in generating profit from its assets during that period.

Subsequently, the ROA began to decline, falling to 2.84% in June 2024. Despite the fluctuations, the company has generally maintained an ROA above 2%, reflecting a reasonable ability to generate profit from its asset base.

Overall, while there have been variations in Avantor's ROA, it is important to assess the trend over time and in comparison to industry standards to determine the company's efficiency in utilizing its assets to generate profit.