Ingredion Incorporated (INGR)
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 | 643,000 | 626,000 | 574,000 | 553,000 | 492,000 | 445,000 | 457,000 | 493,000 | 117,000 | 165,000 | 139,000 | 27,000 | 348,000 | 342,000 | 349,000 | 388,000 | 413,000 | 398,000 | 394,000 | 403,000 |
| Total assets | US$ in thousands | 7,642,000 | 7,549,000 | 7,600,000 | 7,645,000 | 7,561,000 | 7,403,000 | 7,389,000 | 7,435,000 | 6,999,000 | 6,986,000 | 7,098,000 | 6,803,000 | 6,858,000 | 6,464,000 | 6,611,000 | 5,952,000 | 6,040,000 | 6,095,000 | 5,998,000 | 5,932,000 |
| ROA | 8.41% | 8.29% | 7.55% | 7.23% | 6.51% | 6.01% | 6.18% | 6.63% | 1.67% | 2.36% | 1.96% | 0.40% | 5.07% | 5.29% | 5.28% | 6.52% | 6.84% | 6.53% | 6.57% | 6.79% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $643,000K ÷ $7,642,000K
= 8.41%
Ingredion Inc's return on assets (ROA) has exhibited a generally increasing trend over the past eight quarters, signaling improving efficiency in generating profits from its total assets. The ROA for Q4 2023 stood at 8.41%, marking a notable uptick from the previous quarter's 8.29%. This suggests that the company has been effectively utilizing its assets to generate profits. Comparing Q4 2023 to the same quarter in 2022, there has been a significant improvement from 6.51% to 8.41%, indicating enhanced asset utilization efficiency over the year. Overall, the increasing trend in ROA reflects positively on Ingredion Inc's profitability and operational efficiency.
Peer comparison
Dec 31, 2023