Cabot Corporation (CBT)
Return on assets (ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 380,000 | 477,000 | 450,000 | 441,000 | 445,000 | 305,000 | 320,000 | 352,000 | 209,000 | 144,000 | 133,000 | 101,000 | 250,000 | -51,000 | -143,000 | -219,000 | -238,000 | 67,000 | 105,000 | 129,000 |
| Total assets | US$ in thousands | 3,736,000 | 3,580,000 | 3,596,000 | 3,695,000 | 3,604,000 | 3,387,000 | 3,519,000 | 3,535,000 | 3,525,000 | 3,568,000 | 3,524,000 | 3,315,000 | 3,306,000 | 3,225,000 | 3,047,000 | 2,980,000 | 2,781,000 | 3,019,000 | 3,097,000 | 3,151,000 |
| ROA | 10.17% | 13.32% | 12.51% | 11.94% | 12.35% | 9.01% | 9.09% | 9.96% | 5.93% | 4.04% | 3.77% | 3.05% | 7.56% | -1.58% | -4.69% | -7.35% | -8.56% | 2.22% | 3.39% | 4.09% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $380,000K ÷ $3,736,000K
= 10.17%
Cabot Corporation's return on assets (ROA) has shown fluctuations over the past several quarters, ranging from negative figures to double-digit percentages. The most recent ROA as of September 30, 2024, stands at 10.17%, indicating that the company generated a return of approximately 10.17% on its total assets during that period.
The upward trend in ROA from December 2021 to September 2024 suggests an improvement in the company's efficiency in generating profits relative to its total assets. The peak ROA of 13.32% in June 2024 indicates a period of particularly strong asset utilization and profitability.
It is worth noting that the ROA dipped into negative territory in the first quarter of 2021 and remained negative for two consecutive quarters before rebounding. This negative performance could signal challenges faced by the company during that period in effectively utilizing its assets to generate profits.
Overall, while Cabot Corporation has shown fluctuations in ROA, the recent positive trend indicates improved asset efficiency and profitability. It will be important to monitor future quarters to assess the company's ability to sustain and potentially improve its return on assets.
Peer comparison
Sep 30, 2024