Ingredion Incorporated (INGR)
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 | 647,000 | 683,000 | 653,000 | 668,000 | 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 |
| Total assets | US$ in thousands | 7,444,000 | 7,525,000 | 7,221,000 | 7,319,000 | 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 |
| ROA | 8.69% | 9.08% | 9.04% | 9.13% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $647,000K ÷ $7,444,000K
= 8.69%
Ingredion Incorporated's return on assets (ROA) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA started at 6.52% in March 2020, decreasing to 5.07% by December 2020, indicating a decline in the company's ability to generate profit from its assets during this period.
From March 2021 to September 2021, the ROA remained relatively low, hovering around 1-2%. However, there was a positive trend starting from December 31, 2021, where the ROA began to increase steadily. By March 31, 2022, the ROA had reached 6.63%, signaling an improvement in the company's efficiency in generating profits from its assets.
The ROA continued to rise throughout 2022 and 2023, reaching its peak at 9.13% by March 31, 2024. This increase indicates that Ingredion's asset utilization and profitability improved significantly during this period.
However, in the subsequent quarters of 2024, the ROA slightly decreased to around 9%, indicating a minor dip in the company's profitability from its asset base. Overall, the trend suggests that Ingredion Incorporated has made noteworthy strides in enhancing its operational efficiency and profitability from its asset base over the analyzed period.
Peer comparison
Dec 31, 2024