Ingredion Incorporated (INGR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 643,000 | 492,000 | 117,000 | 348,000 | 413,000 |
| Total assets | US$ in thousands | 7,642,000 | 7,561,000 | 6,999,000 | 6,858,000 | 6,040,000 |
| ROA | 8.41% | 6.51% | 1.67% | 5.07% | 6.84% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $643,000K ÷ $7,642,000K
= 8.41%
Based on the provided data, Ingredion Inc's return on assets (ROA) has varied over the past five years. In 2023, the ROA improved to 8.41%, marking a significant increase from the previous year's 6.51%. This suggests that the company generated a higher level of profit relative to its total assets in 2023.
Comparing 2023 to the data from 2021 and 2020, Ingredion Inc's ROA has shown a substantial increase, indicating an improvement in the company's efficiency in generating profits from its assets over these years. However, it is worth noting that the ROA in 2021 was relatively low at 1.67%, which may indicate challenges faced by the company that year.
Overall, the trend in Ingredion Inc's ROA over the past five years displays fluctuation, with the company experiencing both improvements and declines in its ability to generate profits from its assets. Further analysis and consideration of the company's financial performance and strategic initiatives would be necessary to better understand the factors driving these changes in ROA.
Peer comparison
Dec 31, 2023