FMC Corporation (FMC)
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 | 1,321,500 | 496,900 | 621,400 | 725,100 | 736,500 | 653,300 | 692,000 | 762,500 | 739,600 | 598,400 | 550,100 | 529,800 | 551,500 | 498,800 | 477,800 | 467,900 | 477,400 | 513,000 | 495,400 | 450,600 |
| Total assets | US$ in thousands | 11,926,200 | 10,956,400 | 11,951,700 | 11,732,100 | 11,171,300 | 10,764,700 | 11,044,200 | 10,904,800 | 10,673,100 | 10,410,200 | 10,942,100 | 10,423,300 | 10,186,400 | 9,772,200 | 9,993,700 | 10,189,200 | 9,872,700 | 9,803,800 | 9,824,500 | 9,946,000 |
| ROA | 11.08% | 4.54% | 5.20% | 6.18% | 6.59% | 6.07% | 6.27% | 6.99% | 6.93% | 5.75% | 5.03% | 5.08% | 5.41% | 5.10% | 4.78% | 4.59% | 4.84% | 5.23% | 5.04% | 4.53% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,321,500K ÷ $11,926,200K
= 11.08%
The Return on Assets (ROA) for FMC Corp. has shown some fluctuation over the past eight quarters. In Q4 2023, the ROA increased significantly to 11.06%, indicating that the company generated $0.11 in net income for each dollar of assets it owns. This marks a notable improvement compared to the previous quarter, Q3 2023, where the ROA was 4.52%.
Prior to Q4 2023, the ROA has generally been hovering between 5% and 7% for the past two years, with the highest being 6.96% in Q1 2022. This suggests that FMC Corp. has been able to efficiently utilize its assets to generate profits consistently, albeit with some variations in performance.
Overall, the recent spike in ROA in Q4 2023 indicates a potential improvement in FMC Corp.'s asset management and profitability. However, it is advisable to monitor future quarters to assess the sustainability of this upward trend.
Peer comparison
Dec 31, 2023