Clean Harbors Inc (CLH)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 402,299 | 416,674 | 392,801 | 375,287 | 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 |
| 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 |
| ROA | 5.45% | 5.70% | 5.50% | 5.41% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $402,299K ÷ $7,377,280K
= 5.45%
Clean Harbors Inc's Return on Assets (ROA) has shown a generally positive trend over the past few years, indicating the company's ability to generate profits relative to its total assets. The ROA increased from 2.62% as of March 31, 2020, to a peak of 7.21% as of March 31, 2023, reflecting improvements in asset utilization and operational efficiency.
However, the ROA fluctuated in the subsequent periods, with some ups and downs, ending at 5.45% as of December 31, 2024. Despite the fluctuations, the ROA remained relatively stable, suggesting that Clean Harbors Inc has been able to maintain a consistent level of profitability relative to its assets.
Overall, the increasing trend followed by some fluctuations in Clean Harbors Inc's ROA indicates that the company has managed its assets effectively to generate profits, although there may be opportunities to further enhance asset efficiency and profitability in the future.