Axalta Coating Systems Ltd (AXTA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 267,400 | 237,900 | 227,400 | 210,600 | 191,600 | 201,200 | 207,900 | 290,200 | 263,900 | 280,400 | 293,800 | 84,600 | 121,600 | 93,600 | 76,600 | 257,800 | 249,000 | 282,700 | 204,100 | 180,600 |
| 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 |
| ROA | 3.68% | 3.40% | 3.23% | 3.01% | 2.71% | 2.95% | 2.99% | 4.10% | 3.66% | 3.88% | 4.08% | 1.20% | 1.70% | 1.33% | 1.15% | 4.03% | 3.65% | 4.23% | 3.05% | 2.71% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $267,400K ÷ $7,272,100K
= 3.68%
The return on assets (ROA) of Axalta Coating Systems Ltd has shown a fluctuating trend over the past eight quarters, ranging from 2.71% in Q4 2022 to 4.10% in Q1 2022.
In the most recent quarter, Q4 2023, the ROA increased to 3.68%, indicating an improvement in the company's ability to generate profit relative to its total assets. Despite this improvement, the ROA in Q4 2023 remains lower compared to the peak ROA of 4.10% achieved in Q1 2022.
Overall, the ROA of Axalta Coating Systems Ltd has demonstrated a mixed performance, with some fluctuations over the quarters analyzed. Further analysis of the company's operational efficiency and asset utilization may be necessary to fully understand the factors driving the changes in ROA over time.
Peer comparison
Dec 31, 2023