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.