Axalta Coating Systems Ltd (AXTA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 587,500 | 536,100 | 496,200 | 462,200 | 423,200 | 408,100 | 409,300 | 496,100 | 462,400 | 530,900 | 547,900 | 293,000 | 305,500 | 251,000 | 232,300 | 454,700 | 488,200 | 507,300 | 432,100 | 420,700 |
| Total assets | US$ in thousands | 7,272,100 | 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 | 6,818,000 | 6,690,000 | 6,692,900 | 6,673,400 |
| Operating ROA | 8.08% | 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% | 7.16% | 7.58% | 6.46% | 6.30% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $587,500K ÷ $7,272,100K
= 8.08%
Based on the provided data, Axalta Coating Systems Ltd's operating return on assets (operating ROA) has shown a relatively positive upward trend over the past eight quarters. The operating ROA has increased from 6.00% in Q4 2022 to 8.08% in Q4 2023, indicating an improvement in the company's ability to generate operating profits from its assets.
The company's operating ROA fluctuated within a range of 5.90% to 7.66% in the quarters leading up to Q4 2023, displaying some variability but generally trending upwards. This suggests that Axalta Coating Systems Ltd has been able to enhance its operational efficiency and profitability over time.
An operating ROA of 8.08% in Q4 2023 indicates that for every dollar of assets the company possesses, it generated approximately $0.0808 in operating income. This metric reflects the company's operational performance and efficiency in utilizing its assets to generate profits.
Overall, the trend of increasing operating ROA suggests that Axalta Coating Systems Ltd has been effectively managing its assets to improve profitability and operating performance over the past quarters. However, it is important to continue monitoring this ratio to assess the company's ongoing operational efficiency and financial health.
Peer comparison
Dec 31, 2023