Hexcel Corporation (HXL)

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	132,100	108,100	107,000	99,500	105,700	160,900	149,000	151,200	126,300	108,200	90,400	47,900	16,100	-22,200	-21,500	-24,700	31,700	124,300	194,900	276,800
Total assets	US$ in thousands	2,725,600	2,862,300	2,827,600	2,821,200	2,918,500	2,846,300	2,921,900	2,907,300	2,837,300	2,775,700	2,819,400	2,853,500	2,819,400	2,872,600	2,917,400	2,893,500	2,917,800	2,972,100	3,222,500	3,433,300
ROA		4.85%	3.78%	3.78%	3.53%	3.62%	5.65%	5.10%	5.20%	4.45%	3.90%	3.21%	1.68%	0.57%	-0.77%	-0.74%	-0.85%	1.09%	4.18%	6.05%	8.06%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $132,100K ÷ $2,725,600K
= 4.85%

Hexcel Corporation's return on assets (ROA) has demonstrated some fluctuations over the given time period. The ROA decreased from 8.06% as of March 31, 2020, to 6.05% by June 30, 2020, and continued to decline to 1.09% by December 31, 2020. This downward trend continued into the following year, with negative ROA figures recorded in the first and second quarters of 2021.

However, starting from March 31, 2022, the ROA began showing signs of improvement, gradually increasing to 4.85% by December 31, 2024. The positive trend in ROA from 2022 to 2024 indicates that the company's profitability relative to its total assets has been improving over time.

It is worth noting that despite the fluctuations, Hexcel Corporation's ROA has generally trended upwards in the later years of the period, reaching a respectable 4.85% by the end of December 2024. This suggests that the company has been effectively utilizing its assets to generate profits and enhance shareholder value.