Axalta Coating Systems Ltd (AXTA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 267,400 | 191,600 | 263,900 | 121,600 | 249,000 |
| Total assets | US$ in thousands | 7,272,100 | 7,059,200 | 7,217,200 | 7,157,200 | 6,818,000 |
| ROA | 3.68% | 2.71% | 3.66% | 1.70% | 3.65% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $267,400K ÷ $7,272,100K
= 3.68%
Based on the provided data, Axalta Coating Systems Ltd's return on assets (ROA) has fluctuated over the past five years. In 2023, the company's ROA stood at 3.68%, representing an increase from the previous year's 2.71%. This improvement suggests that Axalta Coating Systems Ltd became more efficient in generating profits from its assets in 2023.
Comparing the 2023 ROA to earlier years, it is higher than the 2021 ROA of 3.66% and the 2019 ROA of 3.65%. However, it is worth noting that the 2020 ROA was lower at 1.70%.
Overall, Axalta Coating Systems Ltd's ROA has shown varying performance levels over the past five years, with the company achieving a strong ROA in 2023 compared to the previous years. This indicates that the company has been able to generate a higher level of profit relative to its assets in the most recent period.
Peer comparison
Dec 31, 2023