Axalta Coating Systems Ltd (AXTA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 706,000 | 588,000 | 423,200 | 462,400 | 305,500 |
| Total assets | US$ in thousands | 7,249,000 | 7,272,000 | 7,059,200 | 7,217,200 | 7,157,200 |
| Operating ROA | 9.74% | 8.09% | 6.00% | 6.41% | 4.27% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $706,000K ÷ $7,249,000K
= 9.74%
The operating return on assets (ROA) for Axalta Coating Systems Ltd has shown a positive trend over the past five years. The company's operating ROA has increased from 4.27% as of December 31, 2020, to 9.74% as of December 31, 2024. This indicates that the company has been able to generate more operating income from its assets over time.
The steady rise in operating ROA from 2020 to 2024 suggests that Axalta Coating Systems Ltd has been effectively utilizing its assets to generate operating profits. The improvement in operating ROA reflects the company's efficiency in managing its operations and utilizing its assets to drive profitability.
Overall, the increasing trend in operating ROA indicates that Axalta Coating Systems Ltd has been successful in enhancing its operational performance and efficiency over the specified period. This metric is an important indicator of the company's ability to generate profits from its assets, providing insights into its operational effectiveness and financial health.
Peer comparison
Dec 31, 2024