Dupont De Nemours Inc (DD)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -2,180,000 | 4,927,000 | 5,138,000 | -3,708,000 | -1,427,000 |
| Total assets | US$ in thousands | 38,552,000 | 41,355,000 | 45,707,000 | 70,903,000 | 69,349,000 |
| Operating ROA | -5.65% | 11.91% | 11.24% | -5.23% | -2.06% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-2,180,000K ÷ $38,552,000K
= -5.65%
DuPont de Nemours Inc's operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA was 4.45%, showing a slight decrease from 4.89% in 2022. However, compared to the 5.80% in 2021, the 2023 figure indicates a downward trend. This decline suggests that the company's operating efficiency in generating profits from its assets has decreased slightly in 2023.
It's also worth noting that the operating ROA in 2023 is higher than the 2020 figure of 2.34%, reflecting an improvement in operating performance over the two-year period. Additionally, the 2023 operating ROA is lower than the level recorded in 2019 (4.02%), indicating a overall lower profitability from assets compared to the previous years.
Overall, while the operating ROA for DuPont de Nemours Inc in 2023 shows a minor decline from the previous year, it is important for the company to closely monitor and potentially improve its operating efficiency to enhance profitability from its assets in the future.
Peer comparison
Dec 31, 2023