Dow Inc (DOW)
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 | 589,000 | 1,307,000 | 1,744,000 | 2,920,000 | 4,582,000 | 5,705,000 | 6,649,000 | 6,889,000 | 6,311,000 | 5,829,000 | 4,121,000 | 1,995,000 | 1,243,000 | -2,321,000 | -1,963,000 | -1,663,000 | -1,346,000 | |||
| 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 |
| ROA | 1.02% | 2.24% | 2.99% | 4.92% | 7.56% | 9.58% | 10.70% | 10.88% | 10.02% | 9.44% | 6.67% | 3.30% | 2.02% | -3.87% | -3.31% | -2.74% | -2.22% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $589,000K ÷ $57,967,000K
= 1.02%
Dow Inc's return on assets (ROA) has shown a declining trend over the past eight quarters. The ROA decreased from 10.88% in March 2022 to 1.02% in December 2023. This significant decline in ROA indicates a decreasing ability of the company to generate profits from its assets. It is essential to investigate the reasons behind this decline, as it may be attributed to inefficiencies in asset utilization, declining profitability, or a combination of both. Further analysis of the company's income statement and balance sheet is recommended to understand the factors influencing this downward trend in ROA and to assess the overall financial performance of Dow Inc.
Peer comparison
Dec 31, 2023