Church & Dwight Company Inc (CHD)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 755,600 | 413,900 | 827,500 | 785,900 | 615,900 |
| Total assets | US$ in thousands | 8,569,200 | 8,345,600 | 7,996,500 | 7,414,500 | 6,657,400 |
| ROA | 8.82% | 4.96% | 10.35% | 10.60% | 9.25% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $755,600K ÷ $8,569,200K
= 8.82%
Church & Dwight Co., Inc.'s return on assets (ROA) has shown fluctuations over the past five years. The ROA was 8.82% at the end of 2023, an improvement from 4.96% in 2022 but lower than the 10.35% reported in 2021. The company's performance in utilizing its assets to generate profits was relatively stable in 2020 and 2019, with ROAs of 10.60% and 9.25%, respectively. The recent increase in ROA suggests that the company has been more efficient in generating earnings from its assets in 2023 compared to the previous year. Further analysis of the company's financial and operational strategies may provide insights into the factors driving these changes in ROA over the years.
Peer comparison
Dec 31, 2023