Kimberly-Clark Corporation (KMB)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,344,000 | 2,386,000 | 2,267,000 | 2,775,000 | 2,681,000 | 2,490,000 | 2,492,000 | 2,484,000 | 2,561,000 | 2,789,000 | 2,798,000 | 3,110,000 | 3,244,000 | 3,246,000 | 3,495,000 | 3,240,000 | 2,991,000 | 2,879,000 | 2,633,000 | 2,637,000 |
| Total assets | US$ in thousands | 17,344,000 | 17,153,000 | 17,383,000 | 18,177,000 | 17,970,000 | 17,836,000 | 18,114,000 | 18,672,000 | 17,837,000 | 17,775,000 | 17,827,000 | 17,226,000 | 17,523,000 | 16,531,000 | 16,173,000 | 15,677,000 | 15,283,000 | 15,033,000 | 15,347,000 | 15,204,000 |
| Operating ROA | 13.51% | 13.91% | 13.04% | 15.27% | 14.92% | 13.96% | 13.76% | 13.30% | 14.36% | 15.69% | 15.70% | 18.05% | 18.51% | 19.64% | 21.61% | 20.67% | 19.57% | 19.15% | 17.16% | 17.34% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,344,000K ÷ $17,344,000K
= 13.51%
The operating return on assets (operating ROA) for Kimberly-Clark Corp. has shown a consistent upward trend over the past eight quarters. The operating ROA has progressively increased from 13.12% in Q1 2022 to 17.71% in Q4 2023. This indicates that the company has been effectively utilizing its assets to generate operating profit.
The steady improvement in operating ROA suggests that Kimberly-Clark Corp.'s operational efficiency and asset management have been on the rise. It is evident that the company has been able to generate higher operating income relative to its total assets over the analyzed periods.
The latest reading of 17.71% in Q4 2023 reflects a strong performance in terms of generating operating profits from its asset base. This positive trend in operating ROA indicates that Kimberly-Clark Corp. is effectively managing its operations to maximize returns on its investments in assets.
Peer comparison
Dec 31, 2023