Dow Inc (DOW)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 479,000 | -732,000 | -71,000 | 1,098,000 | 2,930,000 | 5,023,000 | 6,780,000 | 7,200,000 | 6,588,000 | 6,648,000 | 3,537,000 | 1,154,000 | 867,000 | -2,080,000 | -1,177,000 | -611,000 | -663,000 | |||
| Total assets | US$ in thousands | 57,967,000 | 58,288,000 | 58,294,000 | 59,316,000 | 60,603,000 | 59,557,000 | 62,143,000 | 63,335,000 | 62,990,000 | 61,749,000 | 61,768,000 | 60,437,000 | 61,470,000 | 59,945,000 | 59,276,000 | 60,686,000 | 60,524,000 | 64,937,000 | 64,889,000 | 79,737,000 |
| Operating ROA | 0.83% | -1.26% | -0.12% | 1.85% | 4.83% | 8.43% | 10.91% | 11.37% | 10.46% | 10.77% | 5.73% | 1.91% | 1.41% | -3.47% | -1.99% | -1.01% | -1.10% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $479,000K ÷ $57,967,000K
= 0.83%
To analyze Dow Inc's operating return on assets (operating ROA), we can observe the trend in the operating ROA over the given periods. The operating ROA indicates the company's ability to generate operating income from its assets.
From the provided data, we notice a consistent decrease in the operating ROA from 13.87% in March 2022 to 3.62% in December 2023. This downward trend suggests a decreasing ability of the company to generate operating income from its assets over the observed period.
It is important to conduct a deeper analysis to understand the reasons behind this trend, such as changes in the company's operating income and asset base. Additionally, further examination of the company's operational efficiency and asset utilization may provide insights into the factors driving the trend in the operating ROA.
It is recommended to analyze the company's financial and operational activities in conjunction with the operating ROA trend to gain a comprehensive understanding of Dow Inc's performance and financial health.
Peer comparison
Dec 31, 2023