Clean Harbors Inc (CLH)

Return on assets (ROA)

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (ttm) US$ in thousands 377,856 361,981 406,440 438,831 411,744 378,263 307,907 226,825 203,247 193,586 183,053 145,001 134,837 119,656 101,115 108,336 97,740 90,020 84,740 79,243
Total assets US$ in thousands 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 4,108,900 4,021,860 3,955,320 3,882,050
ROA 5.92% 5.79% 6.66% 7.21% 6.72% 6.23% 5.20% 3.96% 3.59% 4.45% 4.28% 3.49% 3.26% 2.91% 2.48% 2.62% 2.38% 2.24% 2.14% 2.04%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $377,856K ÷ $6,382,870K
= 5.92%

Analyzing the return on assets (ROA) for Clean Harbors, Inc. over the past eight quarters reveals fluctuations in the company's ability to generate profits relative to its total assets.

The ROA has shown a generally positive trend in recent quarters, with an average ROA of 6.17% over this period. The highest ROA was recorded in Q1 2023 at 7.21%, indicating that the company generated significant profit relative to its assets during that period.

However, the ROA dipped in Q1 2022 to 3.96%, reflecting a lower profitability level compared to other quarters. This could be due to various factors such as increased expenses, lower revenue, or inefficient asset utilization during that time.

Overall, Clean Harbors, Inc.'s ROA performance suggests that the company has been effectively managing its assets to generate profit, with some fluctuations in profitability levels observed across different quarters. Monitoring ROA trends can provide valuable insights into the company's operational efficiency and financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
ROA
Clean Harbors Inc
CLH
5.92%
Stericycle Inc
SRCL
-0.40%