Axalta Coating Systems Ltd (AXTA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 391,000 | 267,000 | 191,600 | 263,900 | 121,600 |
| Total assets | US$ in thousands | 7,249,000 | 7,272,000 | 7,059,200 | 7,217,200 | 7,157,200 |
| ROA | 5.39% | 3.67% | 2.71% | 3.66% | 1.70% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $391,000K ÷ $7,249,000K
= 5.39%
Based on the provided data, Axalta Coating Systems Ltd's return on assets (ROA) has shown a positive trend over the years.
As of December 31, 2020, the ROA was 1.70%, indicating that for every dollar of assets the company had, it generated 1.70 cents in net income.
By December 31, 2021, the ROA had increased to 3.66%, demonstrating an improvement in the company's asset utilization and profitability.
In 2022, the ROA slightly decreased to 2.71%, but it remained above the 2020 levels, indicating continued efficiency in generating profits using its assets.
By December 31, 2023, the ROA increased to 3.67%, showing a rebound and a return to a higher level of asset efficiency.
As of December 31, 2024, Axalta Coating Systems Ltd achieved its highest ROA in the data set, standing at 5.39%, which suggests that the company was able to significantly enhance its profitability relative to its asset base.
Overall, the increasing trend in ROA indicates that Axalta Coating Systems Ltd has been effectively utilizing its assets to generate profits and improve its financial performance over the years.
Peer comparison
Dec 31, 2024