Clean Harbors Inc (CLH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 377,856 | 411,744 | 203,247 | 134,837 | 97,740 |
| Total assets | US$ in thousands | 6,382,870 | 6,129,710 | 5,653,700 | 4,131,520 | 4,108,900 |
| ROA | 5.92% | 6.72% | 3.59% | 3.26% | 2.38% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $377,856K ÷ $6,382,870K
= 5.92%
Clean Harbors, Inc.'s return on assets (ROA) has shown a positive trend over the past five years. The company's ROA increased from 2.38% in 2019 to 5.92% in 2023, reflecting consistent improvement in utilizing its assets to generate profits. The upward trajectory indicates that Clean Harbors has been effectively managing its assets to generate higher returns for its shareholders. The significant improvement in ROA from 2022 to 2023 (6.72% to 5.92%) may suggest that the company is becoming more efficient in utilizing its assets to generate profits. Overall, the trend in ROA suggests that Clean Harbors has been successful in increasing its profitability relative to its asset base over the years.
Peer comparison
Dec 31, 2023