Eastman Chemical Company (EMN)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 905,000 | 885,000 | 883,000 | 925,000 | 894,000 | 586,000 | 709,000 | 693,000 | 794,000 | 1,170,000 | 1,220,000 | 818,000 | 857,000 | 511,000 | 321,000 | 494,000 | 478,000 | 472,000 | 577,000 | 808,000 |
| Total assets | US$ in thousands | 15,213,000 | 15,060,000 | 14,945,000 | 14,748,000 | 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 |
| ROA | 5.95% | 5.88% | 5.91% | 6.27% | 6.11% | 4.02% | 4.80% | 4.63% | 5.41% | 7.81% | 8.20% | 5.18% | 5.52% | 3.14% | 1.99% | 3.05% | 2.97% | 2.95% | 3.61% | 4.91% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $905,000K ÷ $15,213,000K
= 5.95%
Eastman Chemical Company's Return on Assets (ROA) fluctuated over the periods reported in the data. The ROA decreased from 4.91% on March 31, 2020, to a low of 1.99% on June 30, 2021, before gradually increasing again. The company's ROA peaked at 8.20% on June 30, 2022, but then experienced some fluctuations while maintaining relatively stable levels between 4.00% and 6.00% through December 31, 2024.
Overall, the trend in Eastman Chemical Company's ROA shows mixed performance, with periods of both decline and improvement. It is important to consider the reasons behind these fluctuations, such as changes in profitability, asset management efficiency, and overall financial health, to fully assess the company's performance in utilizing its assets to generate profits. Further analysis and comparison with industry benchmarks may provide more insights into the company's efficiency and profitability.
Peer comparison
Dec 31, 2024