Balchem Corporation (BCPC)
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 | 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 | 79,671 | 79,622 | 78,160 | 78,010 |
| Total assets | US$ in thousands | 1,597,210 | 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 | 1,155,680 | 1,096,630 | 1,098,320 | 971,888 |
| ROA | 6.80% | 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% | 6.89% | 7.26% | 7.12% | 8.03% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $108,543K ÷ $1,597,210K
= 6.80%
Balchem Corp.'s return on assets (ROA) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROA was 6.80%, representing an increase from the previous quarter's 6.44%. This improvement suggests that the company is generating more profit relative to its total assets.
However, it is important to note that the ROA has been on a general downward trajectory since Q1 2022 when it was recorded at a high of 8.50%. The decreasing trend from 8.50% to 6.80% in Q4 2023 may indicate a potential decline in the company's efficiency in generating earnings from its assets.
Overall, while Balchem Corp. continues to maintain a positive ROA above 6%, the declining trend over the past several quarters warrants further analysis to understand the factors influencing the company's profitability in relation to its asset base.
Peer comparison
Dec 31, 2023