Darling Ingredients Inc (DAR)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	647,726	737,690	650,914	296,819	312,600
Total assets	US$ in thousands	11,061,100	9,202,370	6,133,730	5,613,330	5,345,260
ROA		5.86%	8.02%	10.61%	5.29%	5.85%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $647,726K ÷ $11,061,100K
= 5.86%

Darling Ingredients Inc's return on assets (ROA) has fluctuated over the past five years, ranging from 5.29% in 2020 to 10.61% in 2021. The most recent ROA of 5.86% in 2023 indicates a decrease from the previous year's 8.02%. This suggests that the company's ability to generate earnings from its assets has slightly declined. Overall, the ROA trend shows variability in the company's asset efficiency and profitability over the years, warranting further investigation into the factors driving these fluctuations.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

Darling Ingredients Inc

DAR

5.86%

Archer-Daniels-Midland Company