Chart Industries Inc (GTLS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 47,300 | 24,000 | 59,100 | 308,100 | 46,400 |
| Total assets | US$ in thousands | 9,102,400 | 5,901,900 | 3,043,800 | 2,570,500 | 2,481,400 |
| ROA | 0.52% | 0.41% | 1.94% | 11.99% | 1.87% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $47,300K ÷ $9,102,400K
= 0.52%
Chart Industries Inc's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA decreased to 0.22% from the previous year's 0.38%. This decline may indicate a decrease in the company's ability to generate profits relative to its total assets.
Comparing to the relatively high ROA of 1.94% in 2021 and the exceptionally high ROA of 11.99% in 2020, the 2023 performance seems notably lower, suggesting a possible decline in the company's efficiency in utilizing its assets to generate profits.
It is worth noting that the ROA in 2019 was 1.87%, which is higher than the most recent value, indicating that the company's recent performance may not be as strong in terms of asset utilization efficiency.
Overall, the trend in the ROA figures for Chart Industries Inc implies fluctuations in the company's profitability relative to its asset base over the analyzed period. Further investigation into the factors contributing to these fluctuations may be necessary to assess the company's financial health accurately.