Axalta Coating Systems Ltd (AXTA)
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 | 706,000 | 680,200 | 650,200 | 583,200 | 587,200 | 535,800 | 496,300 | 461,900 | 423,200 | 408,100 | 409,300 | 496,100 | 462,400 | 530,900 | 547,900 | 293,000 | 305,500 | 251,000 | 232,300 | 454,700 |
| Total assets | US$ in thousands | 7,249,000 | 7,500,000 | 7,306,000 | 7,089,000 | 7,272,000 | 6,996,000 | 7,043,100 | 7,000,600 | 7,059,200 | 6,819,000 | 6,942,600 | 7,081,500 | 7,217,200 | 7,233,000 | 7,209,400 | 7,020,800 | 7,157,200 | 7,036,500 | 6,668,600 | 6,390,700 |
| Operating ROA | 9.74% | 9.07% | 8.90% | 8.23% | 8.07% | 7.66% | 7.05% | 6.60% | 6.00% | 5.98% | 5.90% | 7.01% | 6.41% | 7.34% | 7.60% | 4.17% | 4.27% | 3.57% | 3.48% | 7.12% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $706,000K ÷ $7,249,000K
= 9.74%
Operating Return on Assets (Operating ROA) is a financial metric that provides insights into how efficiently a company generates profits from its operating activities relative to its total assets. It is calculated by dividing operating income by average total assets.
Analyzing the Operating ROA trend of Axalta Coating Systems Ltd from March 2020 to December 2024 reveals fluctuations in the company's operational efficiency over time. The data shows that the Operating ROA ranged between 3.48% and 9.74% during this period.
Initially, from March 2020 to September 2020, the Operating ROA fluctuated within a relatively lower range, indicating potential inefficiencies in utilizing assets to generate operating income. However, from December 2020 to September 2021, there was a gradual increase in Operating ROA, suggesting improved operational performance.
In the subsequent periods, from March 2022 to December 2024, Axalta Coating Systems demonstrated consistently higher Operating ROA levels, ranging from 5.90% to 9.74%. This upward trend indicates that the company became more effective in generating operating income in relation to its total assets, reflecting improved operational efficiency and profitability.
Overall, the increasing trend in Operating ROA from 2022 to 2024 signifies enhanced operational performance and asset utilization by Axalta Coating Systems Ltd. It suggests that the company was able to generate higher returns from its operational activities relative to its asset base, which is a positive indicator of financial health and efficiency.
Peer comparison
Dec 31, 2024