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