Avery Dennison Corp (AVY)
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 | 704,900 | 674,000 | 630,600 | 554,200 | 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 |
| 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 |
| ROA | 8.39% | 7.97% | 7.60% | 6.71% | 6.13% | 5.94% | 6.85% | 8.27% | 9.52% | 10.16% | 9.39% | 8.95% | 9.28% | 9.40% | 11.45% | 10.06% | 9.11% | 9.21% | 9.22% | 9.34% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $704,900K ÷ $8,405,100K
= 8.39%
Avery Dennison Corp's return on assets (ROA) has varied over the period from March 31, 2020, to December 31, 2024. The ROA started at 9.34% in March 2020, slightly decreased to 9.22% in June 2020, and then remained relatively stable around the 9% mark for the rest of 2020.
In the first quarter of 2021, there was a notable increase in ROA to 10.06%, followed by a significant rise to 11.45% in the second quarter. However, the ROA dipped to 9.40% in the third quarter of 2021 before rebounding to 9.28% by the end of the year.
The trend continued into 2022 with a slight decrease in ROA to 8.95% by March, followed by an increase to 9.39% in June. The third quarter of 2022 saw a notable rise to 10.16% before settling at 9.52% by the end of the year.
From March 2023 to December 2024, the ROA showed a declining trend, starting at 8.27% and gradually decreasing to 8.39%. The ROA decreased further to 6.13% by the end of 2023 and then to 6.71% by March 2024. However, there was a slight improvement to 7.60% by June 2024 and a further increase to 7.97% by September 2024 before ending the period at 8.39% in December 2024.
Overall, Avery Dennison Corp's ROA fluctuated over the analyzed period, with periods of both growth and decline. It is essential to continue monitoring and analyzing the ROA to assess the company's efficiency in generating profits from its assets.
Peer comparison
Dec 31, 2024