Kimberly-Clark Corporation (KMB)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,764,000 | 1,934,000 | 1,814,000 | 2,352,000 | 2,157,000 |
| Total assets | US$ in thousands | 17,344,000 | 17,970,000 | 17,837,000 | 17,523,000 | 15,283,000 |
| ROA | 10.17% | 10.76% | 10.17% | 13.42% | 14.11% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,764,000K ÷ $17,344,000K
= 10.17%
Kimberly-Clark Corp.'s return on assets (ROA) has displayed some fluctuations over the past five years. The ROA was at its highest in 2019 at 14.11% and declined to 13.42% in 2020 before dropping further to 10.17% in 2021. However, the ROA improved slightly to 10.76% in 2022 and remained stable at 10.17% in 2023.
Overall, the company has demonstrated a consistent ability to generate returns on its assets, albeit with some variations in performance. The recent stability in ROA suggests that Kimberly-Clark Corp. is effectively utilizing its assets to generate profits, although there may be room for improvement to reach the peak levels seen in 2019. Further analysis of the company's asset management efficiency and profitability ratios could provide deeper insights into its operational performance.
Peer comparison
Dec 31, 2023