Ecolab Inc (ECL)

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	1,372,300	1,231,500	1,174,600	1,153,200	1,091,700	1,482,100	1,459,500	1,462,000	1,483,700	1,511,800	1,436,600	-904,100	-814,300	-1,067,600	-852,700	1,545,800	1,558,900	1,524,400	1,495,600	1,478,300
Total assets	US$ in thousands	21,846,600	21,858,100	21,456,200	21,251,500	21,464,300	21,037,000	21,163,600	21,067,200	21,206,400	17,926,200	18,533,700	18,208,100	18,126,000	18,097,100	18,082,400	22,339,600	20,869,100	20,835,600	20,827,600	20,927,600
ROA		6.28%	5.63%	5.47%	5.43%	5.09%	7.05%	6.90%	6.94%	7.00%	8.43%	7.75%	-4.97%	-4.49%	-5.90%	-4.72%	6.92%	7.47%	7.32%	7.18%	7.06%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,372,300K ÷ $21,846,600K
= 6.28%

The return on assets (ROA) for Ecolab, Inc. has demonstrated a relatively stable trend over the past eight quarters. The ROA has ranged from 5.09% to 6.28%, with a gradual increase observed from Q1 2022 to Q4 2023. This suggests that the company has been effectively utilizing its assets to generate profits. However, it is important to note that the ROA figures have not shown significant fluctuations, indicating a consistent performance in this aspect.

Overall, Ecolab, Inc. has maintained a moderate to slightly increasing level of return on assets, which is indicative of efficient asset management and profitability. Further analysis in conjunction with other financial metrics would provide a more comprehensive view of the company's performance and financial health.