Clean Harbors Inc (CLH)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 670,232 | 680,557 | 642,629 | 616,959 | 612,439 | 592,543 | 647,262 | 668,609 | 634,747 | 589,548 | 485,294 | 384,125 | 347,887 | 327,430 | 306,476 | 256,695 | 251,336 | 241,902 | 238,390 | 251,218 |
| Total assets | US$ in thousands | 7,377,280 | 7,306,010 | 7,136,950 | 6,939,820 | 6,382,870 | 6,248,180 | 6,101,340 | 6,084,010 | 6,129,710 | 6,072,630 | 5,924,660 | 5,726,260 | 5,653,700 | 4,354,300 | 4,275,880 | 4,152,540 | 4,131,520 | 4,106,190 | 4,077,630 | 4,132,020 |
| Operating ROA | 9.09% | 9.32% | 9.00% | 8.89% | 9.60% | 9.48% | 10.61% | 10.99% | 10.36% | 9.71% | 8.19% | 6.71% | 6.15% | 7.52% | 7.17% | 6.18% | 6.08% | 5.89% | 5.85% | 6.08% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $670,232K ÷ $7,377,280K
= 9.09%
Operating Return on Assets (Operating ROA) is a key profitability ratio that measures a company's ability to generate operating income from its assets.
Analyzing the trend of Clean Harbors Inc's Operating ROA from March 2020 to December 2024, we observe fluctuations in the ratio over the period. The ratio started at 6.08% in March 2020, decreased to 5.85% by June 2020, and then slightly increased to 5.89% by September 2020. There was another peak at 6.18% in March 2021 before a significant increase to 7.17% by June 2021 and further to 7.52% by September 2021, indicating improved operational efficiency and profitability.
The trend continued to be positive as the Operating ROA reached its highest level of 10.99% in March 2023, signaling a strong performance in utilizing assets to generate operating income. However, there was a slight decline in the ratio in the following quarters, dropping to 8.89% by March 2024. Subsequently, the ratio remained relatively stable around the 9% mark from June 2024 to December 2024.
Overall, the fluctuating trend of Clean Harbors Inc's Operating ROA reflects the company's varying operational performance and efficiency in generating profits from its assets over the years analyzed. Despite some fluctuations, the company has shown the ability to maintain a healthy return on assets, indicating effective asset utilization and operational management.