Eastman Chemical Company (EMN)
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 | 894,000 | 585,000 | 708,000 | 692,000 | 793,000 | 1,170,000 | 1,220,000 | 818,000 | 857,000 | 511,000 | 321,000 | 494,000 | 478,000 | 472,000 | 577,000 | 808,000 | 759,000 | 767,000 | 913,000 | 999,000 |
| 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 |
| ROA | 6.11% | 4.01% | 4.79% | 4.62% | 5.41% | 7.81% | 8.20% | 5.18% | 5.52% | 3.14% | 1.99% | 3.05% | 2.97% | 2.95% | 3.61% | 4.91% | 4.74% | 4.75% | 5.62% | 6.11% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $894,000K ÷ $14,633,000K
= 6.11%
Eastman Chemical Co's return on assets (ROA) has shown some fluctuations over the past eight quarters. In Q4 2023, the ROA was 6.11%, which is higher compared to the previous quarter. However, it is lower than the ROA in the same quarter of the previous year.
The trend over the past year indicates a decrease in ROA from Q2 2022 to Q1 2023, followed by an increase in Q2 and Q3 2023, and then a slight decrease in Q4 2023. Overall, the company's ROA has been trending downwards since Q3 2022, when it reached its peak at 8.20%.
The fluctuations in ROA may indicate changes in the company's efficiency in generating profits from its assets. Further analysis, considering other financial metrics and industry benchmarks, would be necessary to provide a more comprehensive understanding of Eastman Chemical Co's financial performance.
Peer comparison
Dec 31, 2023