Avery Dennison Corp (AVY)
Return on assets (ROA)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 503,000 | 482,800 | 566,000 | 680,100 | 757,100 | 816,900 | 759,500 | 728,800 | 740,100 | 748,900 | 735,300 | 631,200 | 555,900 | 526,900 | 521,000 | 584,700 | 303,600 | 238,200 | 243,100 | 195,300 |
| Total assets | US$ in thousands | 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 | 6,083,900 | 5,720,800 | 5,651,700 | 6,260,900 | 5,488,800 | 5,338,700 | 5,389,700 | 5,353,700 |
| ROA | 6.13% | 5.94% | 6.85% | 8.27% | 9.52% | 10.16% | 9.39% | 8.95% | 9.28% | 9.40% | 11.45% | 10.06% | 9.14% | 9.21% | 9.22% | 9.34% | 5.53% | 4.46% | 4.51% | 3.65% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $503,000K ÷ $8,209,800K
= 6.13%
The Return on Assets (ROA) for Avery Dennison Corp has fluctuated over the past few years, with a range between 3.65% to 11.45%. The ROA indicates the company's ability to generate profits from its assets.
In recent quarters, the ROA has generally been above 6%, with the highest being 11.45% in the second quarter of 2021. This suggests that the company has been efficient in utilizing its assets to generate profits during these periods.
However, there has been some variability in the ROA figures, with a slight decline in the most recent quarter to 6.13%. It is important for investors and analysts to closely monitor the trend in ROA to assess the company's operational efficiency and profitability relative to its asset base.
Overall, while the company has shown periods of strong performance in terms of ROA, it is essential to analyze the underlying reasons for fluctuations and trends to gain a deeper understanding of Avery Dennison Corp's financial health and performance.
Peer comparison
Dec 31, 2023