Koppers Holdings Inc (KOP)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 89,200 | 63,400 | 85,200 | 122,000 | 66,600 |
| Total assets | US$ in thousands | 1,835,500 | 1,711,400 | 1,661,900 | 1,598,600 | 1,564,600 |
| ROA | 4.86% | 3.70% | 5.13% | 7.63% | 4.26% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $89,200K ÷ $1,835,500K
= 4.86%
Koppers Holdings Inc's return on assets (ROA) has varied over the past five years. The ROA for the year ending December 31, 2023, was 4.86%, representing a moderate increase from the previous year's 3.70%. However, this is lower compared to the ROA of 5.13% recorded in 2021.
The highest ROA in the past five years was in 2020, at 7.63%, indicating strong profitability relative to the company's assets during that period. Prior to that, the ROA was 4.26% in 2019.
Overall, the trend in ROA for Koppers Holdings Inc indicates some fluctuation in efficiency in generating profits from its assets. It would be important to further analyze the company's financial performance and consider other factors that may have influenced these changes in ROA over the years.
Peer comparison
Dec 31, 2023