Innospec Inc (IOSP)

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 33,200 145,100 150,100 147,300 139,000 127,000 126,400 129,600 133,000 131,300 116,000 106,000 92,800 91,700 81,000 19,000 28,700 37,200 54,600 116,500
Total assets US$ in thousands 1,734,700 1,797,700 1,700,300 1,732,800 1,707,400 1,618,600 1,610,800 1,624,100 1,603,700 1,669,200 1,637,900 1,623,800 1,570,900 1,492,400 1,461,800 1,426,100 1,397,400 1,343,700 1,339,000 1,455,300
ROA 1.91% 8.07% 8.83% 8.50% 8.14% 7.85% 7.85% 7.98% 8.29% 7.87% 7.08% 6.53% 5.91% 6.14% 5.54% 1.33% 2.05% 2.77% 4.08% 8.01%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $33,200K ÷ $1,734,700K
= 1.91%

Based on the provided data, Innospec Inc's return on assets (ROA) has shown some fluctuations over the past few years. The ROA was at 8.01% as of March 31, 2020, and experienced a decrease to 1.33% by March 31, 2021. However, there was a gradual improvement in ROA over the next few quarters, reaching a peak of 8.83% on June 30, 2024.

Overall, the trend in ROA indicates that the company's ability to generate profits from its assets has improved over time, with some fluctuations along the way. It is important to investigate the factors behind the fluctuations to determine the sustainability of the improvements in return on assets.