Clean Harbors Inc (CLH)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 402,299 | 377,856 | 411,744 | 203,247 | 134,837 |
| Total assets | US$ in thousands | 7,377,280 | 6,382,870 | 6,129,710 | 5,653,700 | 4,131,520 |
| ROA | 5.45% | 5.92% | 6.72% | 3.59% | 3.26% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $402,299K ÷ $7,377,280K
= 5.45%
Based on the provided data, Clean Harbors Inc's return on assets (ROA) has shown a positive trend over the years, indicating improving efficiency in generating profits from its assets.
In 2020, the ROA stood at 3.26%, reflecting the company's ability to generate $0.0326 in profit for every dollar of assets. This figure increased to 3.59% in 2021, suggesting a slight improvement in asset utilization.
The year 2022 witnessed a significant jump in ROA to 6.72%, indicating a substantial increase in profitability relative to its asset base. This spike could be attributed to improved operational efficiency, better asset management, or increased revenue generation.
Although the ROA dipped slightly to 5.92% in 2023 and further to 5.45% in 2024, the figures remain relatively strong, signifying that Clean Harbors Inc continues to effectively leverage its assets to generate returns for its stakeholders.
Overall, the trend in Clean Harbors Inc's ROA suggests efficient asset utilization and a generally positive performance in terms of generating profits from its asset base over the specified period.