International Flavors & Fragrances Inc (IFF)

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	-2,567,000	18,000	-2,204,000	-2,124,000	-1,871,000	-1,756,000	635,000	556,000	270,000	247,228	138,228	197,228	363,228	379,543	421,667	471,044	455,873	387,830	356,422	319,194
Total assets	US$ in thousands	30,978,000	33,395,000	34,459,000	35,470,000	35,522,000	34,537,000	39,304,000	39,747,000	39,658,000	40,252,000	40,864,000	40,817,000	13,555,000	13,085,400	12,989,100	12,689,100	13,287,400	12,984,700	13,348,100	13,211,400
ROA		-8.29%	0.05%	-6.40%	-5.99%	-5.27%	-5.08%	1.62%	1.40%	0.68%	0.61%	0.34%	0.48%	2.68%	2.90%	3.25%	3.71%	3.43%	2.99%	2.67%	2.42%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-2,567,000K ÷ $30,978,000K
= -8.29%

International Flavors & Fragrances Inc.'s return on assets (ROA) has been quite volatile over the past eight quarters, ranging from -8.27% to 1.61%. The company's ROA has exhibited inconsistency, with negative values recorded in five out of the eight quarters analyzed. This suggests that the company has been experiencing challenges in generating profits relative to its assets, as indicated by the negative ROA figures. The low and negative ROA values may indicate inefficiencies in asset utilization or profitability issues that need to be addressed by the company. The positive ROA values in the remaining quarters show some periods of improved asset performance, although they are not consistent. Overall, International Flavors & Fragrances Inc.'s ROA performance suggests a need for closer examination of its operational efficiency and profitability.