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.
Peer comparison
Dec 31, 2023