Eastman Chemical Company (EMN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 905,000 | 894,000 | 793,000 | 857,000 | 478,000 |
| Total assets | US$ in thousands | 15,213,000 | 14,633,000 | 14,667,000 | 15,519,000 | 16,083,000 |
| ROA | 5.95% | 6.11% | 5.41% | 5.52% | 2.97% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $905,000K ÷ $15,213,000K
= 5.95%
Eastman Chemical Company's return on assets (ROA) has shown a positive trend over the past five years. The ROA increased from 2.97% as of December 31, 2020, to 5.95% as of December 31, 2024. This indicates that the company has been more effective in generating profits relative to its total assets. The upward trend in ROA suggests that Eastman Chemical Company has been improving its operational efficiency and/or profitability. It is important for investors and analysts to monitor this trend to assess the company's ability to utilize its assets efficiently and generate returns for its stakeholders.
Peer comparison
Dec 31, 2024