Clearwater Paper Corporation (CLW)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 107,700 | 46,000 | -28,100 | 77,100 | -5,600 |
| Total assets | US$ in thousands | 1,671,800 | 1,703,500 | 1,690,100 | 1,800,400 | 1,877,700 |
| ROA | 6.44% | 2.70% | -1.66% | 4.28% | -0.30% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $107,700K ÷ $1,671,800K
= 6.44%
Clearwater Paper Corp's return on assets (ROA) has fluctuated over the past five years. In 2023, the company achieved an ROA of 6.44%, reflecting an improvement compared to the previous year's 2.70%. This indicates that Clearwater Paper Corp generated $0.0644 in net income for every dollar of assets in 2023.
The negative ROA in 2021 (-1.66%) suggests that the company experienced a loss in that year compared to 2020 when it had an ROA of 4.28%. The negative ROA implies that Clearwater Paper Corp's assets were not efficiently utilized to generate profits in 2021.
In 2019, Clearwater Paper Corp's ROA was also negative at -0.30%, indicating a lack of profitability relative to its assets for that year. Overall, the company's ROA has shown significant variability, with positive trends in more recent years reflecting potential improvements in asset utilization and profitability.