Innospec Inc (IOSP)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 139,000 | 133,000 | 93,000 | 28,600 | 112,100 |
| Total assets | US$ in thousands | 1,707,400 | 1,603,700 | 1,570,900 | 1,397,400 | 1,468,800 |
| ROA | 8.14% | 8.29% | 5.92% | 2.05% | 7.63% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $139,000K ÷ $1,707,400K
= 8.14%
Innospec Inc's return on assets (ROA) has shown varying trends over the past five years. The ROA stood at 8.15% in 2023, a slight decrease from the previous year's 8.29%. The company experienced a notable improvement in ROA in 2021 compared to 2020, with the ratio jumping from 2.05% to 5.93%. However, in 2019, Innospec Inc's ROA was notably higher at 7.64%.
Overall, while the ROA fluctuated, the company has generally been able to maintain a positive return on assets over the years. It is important for Innospec Inc to continue monitoring and managing its assets efficiently to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023