Clearwater Paper Corporation (CLW)
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 | 107,700 | 84,200 | 68,200 | 53,200 | 46,000 | 61,400 | 42,700 | -23,600 | -28,100 | -15,000 | 4,500 | 78,900 | 77,100 | 56,500 | 24,100 | 900 | -5,600 | -195,372 | -149,928 | -142,567 |
| Total assets | US$ in thousands | 1,671,800 | 1,737,000 | 1,705,000 | 1,690,500 | 1,703,500 | 1,703,600 | 1,712,700 | 1,683,100 | 1,690,100 | 1,718,100 | 1,750,900 | 1,803,900 | 1,800,400 | 1,826,900 | 1,841,500 | 1,896,800 | 1,877,700 | 1,881,080 | 1,955,850 | 1,928,280 |
| ROA | 6.44% | 4.85% | 4.00% | 3.15% | 2.70% | 3.60% | 2.49% | -1.40% | -1.66% | -0.87% | 0.26% | 4.37% | 4.28% | 3.09% | 1.31% | 0.05% | -0.30% | -10.39% | -7.67% | -7.39% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $107,700K ÷ $1,671,800K
= 6.44%
Clearwater Paper Corp's return on assets (ROA) has shown an upward trend over the past eight quarters, reflecting an improving efficiency in generating profits from its assets. The ROA increased from 2.70% in Q4 2022 to 6.44% in Q4 2023. This indicates that the company has been able to generate more income relative to its assets, which is a positive sign for investors.
The ROA fluctuated between 2.49% and 6.44% during this period, with some quarters showing stronger performance than others. Overall, there has been a general upward trajectory in the ROA, suggesting that Clearwater Paper Corp has been effectively utilizing its assets to generate returns for its shareholders.
However, it is important to note that the ROA dipped below zero in Q1 2022, which may indicate inefficient use of assets or temporary financial challenges during that period. Investors should monitor the company's performance closely to ensure sustained profitability and efficient asset utilization in the future.