Avery Dennison Corp (AVY)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,115,400 | 1,096,600 | 1,078,800 | 962,100 | 889,800 | 820,400 | 852,200 | 988,800 | 1,083,400 | 1,155,300 | 1,119,100 | 1,079,700 | 1,075,100 | 1,080,800 | 1,049,200 | 943,400 | 844,000 | 786,300 | 766,800 | 800,400 |
| Total assets | US$ in thousands | 8,405,100 | 8,451,900 | 8,298,200 | 8,255,200 | 8,209,800 | 8,133,100 | 8,266,300 | 8,222,300 | 7,950,500 | 8,042,300 | 8,092,400 | 8,138,800 | 7,971,600 | 7,967,700 | 6,422,500 | 6,273,200 | 6,098,900 | 5,720,800 | 5,651,700 | 6,260,900 |
| Operating ROA | 13.27% | 12.97% | 13.00% | 11.65% | 10.84% | 10.09% | 10.31% | 12.03% | 13.63% | 14.37% | 13.83% | 13.27% | 13.49% | 13.56% | 16.34% | 15.04% | 13.84% | 13.74% | 13.57% | 12.78% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,115,400K ÷ $8,405,100K
= 13.27%
Avery Dennison Corp's operating return on assets (operating ROA) has shown fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The operating ROA started at 12.78% in March 2020 and reached its lowest point of 10.09% in September 2023. The trend then started to improve, with a steady increase observed between March 2023 and June 2024, reaching a peak of 13.27% in the latter period.
Overall, Avery Dennison Corp's operating ROA appears to have experienced some volatility before stabilizing around the range of 12-14% in the most recent quarters. It is essential to monitor future performance to assess whether the company can sustain this level of operating ROA or if further fluctuations may occur.
Peer comparison
Dec 31, 2024