International Flavors & Fragrances Inc (IFF)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 243,000 | -2,565,000 | -1,836,000 | 268,000 | 365,000 |
| Total assets | US$ in thousands | 28,667,000 | 30,978,000 | 35,390,000 | 39,678,000 | 13,555,700 |
| ROA | 0.85% | -8.28% | -5.19% | 0.68% | 2.69% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $243,000K ÷ $28,667,000K
= 0.85%
International Flavors & Fragrances Inc's return on assets (ROA) has shown varying trends over the past five years. As of December 31, 2020, the ROA stood at 2.69%, indicating that the company generated $0.0269 in profit for every dollar of assets it owned. However, by December 31, 2021, the ROA decreased to 0.68%, reflecting a decline in asset efficiency.
In the following years, there was a notable downturn in performance, with the ROA plummeting to -5.19% by December 31, 2022, and further dropping to -8.28% by December 31, 2023. These negative values suggest that International Flavors & Fragrances Inc experienced difficulties in generating profits from its assets during these periods.
However, there was a slight improvement by December 31, 2024, with the ROA recovering to 0.85%. This uptick may indicate potential efforts to enhance asset utilization and profitability.
Overall, the fluctuating ROA trends in recent years highlight the challenges International Flavors & Fragrances Inc has faced in effectively generating returns from its assets, implying potential areas for further analysis and strategic improvement.
Peer comparison
Dec 31, 2024