Eastman Chemical Company (EMN)
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 | 814,000 | 710,000 | 744,000 | 804,000 | 857,000 | 1,404,000 | 1,494,000 | 1,496,000 | 1,530,000 | 1,503,000 | 1,335,000 | 957,000 | 960,000 | 869,000 | 999,000 | 1,325,000 | 1,264,000 | 1,268,000 | 1,411,000 | 1,513,000 |
| Total assets | US$ in thousands | 14,633,000 | 14,594,000 | 14,771,000 | 14,983,000 | 14,667,000 | 14,985,000 | 14,875,000 | 15,806,000 | 15,519,000 | 16,259,000 | 16,098,000 | 16,195,000 | 16,083,000 | 16,009,000 | 15,973,000 | 16,465,000 | 16,008,000 | 16,137,000 | 16,256,000 | 16,361,000 |
| Operating ROA | 5.56% | 4.87% | 5.04% | 5.37% | 5.84% | 9.37% | 10.04% | 9.46% | 9.86% | 9.24% | 8.29% | 5.91% | 5.97% | 5.43% | 6.25% | 8.05% | 7.90% | 7.86% | 8.68% | 9.25% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $814,000K ÷ $14,633,000K
= 5.56%
Operating return on assets (ROA) for Eastman Chemical Co has been fluctuating over the past eight quarters. In Q4 2023, the operating ROA was 7.48%, showing a slight increase from the previous quarter's 6.98%. However, it is lower compared to the same quarter of the previous year when it was 7.82%. Throughout 2022, the operating ROA exhibited a declining trend, starting at 8.76% in Q1 and dropping to 7.32% by Q4.
The recent fluctuations in operating ROA suggest that Eastman Chemical Co's operational efficiency and asset utilization may have varied over the analyzed period. Further analysis of the company's operational performance, asset management strategies, and any external factors affecting performance would provide more insights into the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2023