Quaker Chemical Corporation (KWR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 112,748 | 16,593 | 8,790 | -6,213 | -15,931 | 78,152 | 83,343 | 102,570 | 121,369 | 151,713 | 147,959 | 106,654 | 39,658 | 6,428 | -33,929 | -10,603 | 31,622 | 24,187 | 56,930 | 60,585 |
| 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 |
| ROA | 4.15% | 0.61% | 0.32% | -0.22% | -0.56% | 2.76% | 2.81% | 3.42% | 4.11% | 5.16% | 5.02% | 3.66% | 1.37% | 0.23% | -1.18% | -0.36% | 1.11% | 0.89% | 7.86% | 8.55% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $112,748K ÷ $2,714,210K
= 4.15%
Quaker Houghton's Return on Assets (ROA) has shown fluctuating performance over the past eight quarters. In Q4 2023, the ROA improved significantly to 4.13%, reflecting a positive trend compared to the previous quarter. This increase suggests that the company's ability to generate profits from its assets has strengthened.
Prior to Q4 2023, Quaker Houghton experienced a downward trend in ROA, with the metric reaching as low as -0.56% in Q4 2022. The subsequent recovery in Q1 2023 was short-lived as the ROA turned negative again in Q2 2023 before rebounding in Q3 2023.
Overall, the recent improvement in ROA indicates that Quaker Houghton may be effectively utilizing its assets to generate earnings. However, the fluctuating nature of ROA over the quarters suggests that the company's asset management and profitability performance warrant further monitoring and analysis to assess the sustainability of this positive trend.
Peer comparison
Dec 31, 2023