Balchem Corporation (BCPC)

Return on assets (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
Net income (ttm) US$ in thousands 128,475 121,540 116,778 114,819 108,543 103,301 99,475 99,147 105,367 108,910 108,674 101,623 96,104 93,317 89,872 88,266 84,623 82,844 81,952 80,656
Total assets US$ in thousands 1,575,370 1,596,940 1,574,970 1,588,700 1,625,140 1,603,480 1,619,230 1,628,760 1,624,510 1,633,010 1,606,670 1,194,910 1,199,320 1,179,350 1,173,610 1,169,220 1,165,840 1,161,340 1,151,260 1,162,110
ROA 8.16% 7.61% 7.41% 7.23% 6.68% 6.44% 6.14% 6.09% 6.49% 6.67% 6.76% 8.50% 8.01% 7.91% 7.66% 7.55% 7.26% 7.13% 7.12% 6.94%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $128,475K ÷ $1,575,370K
= 8.16%

Based on the data provided, Balchem Corporation's return on assets (ROA) has shown variability over the periods analyzed. The ROA ranged from a low of 6.09% on March 31, 2023, to a high of 8.50% on March 31, 2022. Overall, there seems to be an upward trend in ROA performance from 2020 to 2022, with a peak reached in the first quarter of 2022.

However, there was a decline in ROA in the following periods, with a significant drop observed in the second and third quarters of 2022. Although there was some recovery in the subsequent periods, the ROA did not reach the levels seen in early 2022.

It is advisable for stakeholders to further investigate the factors contributing to the fluctuating ROA figures to gain insights into the company's asset management efficiency and profitability levels. Tracking the trend in ROA can help in assessing the company's financial performance and making informed decisions regarding investment and operational strategies.