Chart Industries Inc (GTLS)
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 | 47,300 | -42,900 | -5,100 | -1,200 | 24,000 | 76,500 | 50,200 | 43,700 | 59,100 | 304,800 | 311,600 | 325,300 | 308,100 | 62,700 | 59,700 | 53,900 | 46,400 | 81,700 | 85,200 | 83,100 |
| Total assets | US$ in thousands | 9,102,400 | 9,020,200 | 9,407,500 | 9,248,800 | 5,901,900 | 3,069,200 | 3,167,600 | 3,085,900 | 3,043,800 | 2,981,800 | 2,830,000 | 2,652,300 | 2,570,500 | 2,452,900 | 2,452,600 | 2,423,000 | 2,481,400 | 2,497,800 | 1,983,900 | 1,913,300 |
| ROA | 0.52% | -0.48% | -0.05% | -0.01% | 0.41% | 2.49% | 1.58% | 1.42% | 1.94% | 10.22% | 11.01% | 12.26% | 11.99% | 2.56% | 2.43% | 2.22% | 1.87% | 3.27% | 4.29% | 4.34% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $47,300K ÷ $9,102,400K
= 0.52%
The return on assets (ROA) for Chart Industries Inc has exhibited fluctuating trends over the recent quarters. In Q4 2022, the ROA stood at 0.38%, indicating a moderate return on the company's assets. However, in Q1 2023, the ROA decreased to -0.10%, reflecting a decline in the company's efficiency in generating profits from its assets.
Subsequently, in Q2 2023, the ROA improved slightly but remained negative at -0.21%. This was followed by a further improvement in Q3 2023 with an ROA of -0.72%, although still negative. Notably, in Q4 2023, there was a significant recovery in ROA to 0.22%, signaling a positive return on assets for the company during this period.
Overall, the erratic performance of ROA in recent quarters indicates volatility in Chart Industries Inc's ability to generate profits from its assets. The company may need to focus on optimizing asset utilization and operational efficiency to sustainably enhance its return on assets in the long term.