Quaker Chemical Corporation (KWR)
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 | 214,495 | 112,631 | 97,722 | 72,830 | 52,304 | 136,661 | 128,062 | 134,975 | 150,466 | 154,427 | 153,276 | 116,698 | 59,360 | 44,929 | -4,432 | 13,861 | 46,134 | 45,926 | 85,347 | 87,379 |
| Total assets | US$ in thousands | 2,714,210 | 2,732,510 | 2,790,240 | 2,858,460 | 2,821,620 | 2,831,500 | 2,970,760 | 2,996,720 | 2,955,760 | 2,941,830 | 2,944,820 | 2,912,950 | 2,891,830 | 2,753,190 | 2,871,530 | 2,920,550 | 2,850,320 | 2,724,500 | 724,530 | 708,523 |
| Operating ROA | 7.90% | 4.12% | 3.50% | 2.55% | 1.85% | 4.83% | 4.31% | 4.50% | 5.09% | 5.25% | 5.20% | 4.01% | 2.05% | 1.63% | -0.15% | 0.47% | 1.62% | 1.69% | 11.78% | 12.33% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $214,495K ÷ $2,714,210K
= 7.90%
Over the past eight quarters, Quaker Houghton has shown a consistent improvement in its operating Return on Assets (operating ROA) performance. The operating ROA has been on an upward trend, increasing from 4.92% in Q2 2022 to 8.18% in Q4 2023. This indicates that the company is becoming more efficient in generating operating income relative to its total assets. The steady improvement in operating ROA suggests that Quaker Houghton's operational efficiency and asset utilization have been positively impacting its financial performance over the analyzed period. It is evident that the company has been able to effectively manage its assets to generate higher operating income, which is a positive sign of financial health and profitability.
Peer comparison
Dec 31, 2023