Linde plc Ordinary Shares (LIN)
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 | 6,199,000 | 5,984,000 | 5,692,000 | 4,489,000 | 4,147,000 | 3,845,000 | 3,551,000 | 4,020,000 | 3,826,000 | 3,570,000 | 3,291,000 | 2,908,000 | 2,501,000 | 2,242,000 | 2,277,000 | 2,341,000 | 2,285,000 | 4,752,000 | 4,478,000 | 3,989,000 |
| Total assets | US$ in thousands | 80,811,000 | 77,827,000 | 78,718,000 | 80,308,000 | 79,658,000 | 74,323,000 | 77,885,000 | 82,767,000 | 81,605,000 | 84,191,000 | 84,345,000 | 84,993,000 | 88,229,000 | 87,209,000 | 85,856,000 | 84,369,000 | 86,612,000 | 84,394,000 | 87,189,000 | 91,641,000 |
| ROA | 7.67% | 7.69% | 7.23% | 5.59% | 5.21% | 5.17% | 4.56% | 4.86% | 4.69% | 4.24% | 3.90% | 3.42% | 2.83% | 2.57% | 2.65% | 2.77% | 2.64% | 5.63% | 5.14% | 4.35% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $6,199,000K ÷ $80,811,000K
= 7.67%
Based on the provided data, Linde Plc.'s Return on Assets (ROA) has been showing a generally positive trend over the past eight quarters. The ROA has consistently improved from 4.56% in Q2 2022 to 7.67% in Q4 2023. This indicates that the company has been able to generate more profit relative to its total assets in recent quarters.
The increasing trend in ROA suggests that Linde Plc. is effectively utilizing its assets to generate profit. Notably, the ROA exceeded 5% for the first time in Q4 2022 and has continued to strengthen since then. This improvement signals that the company's asset management and operational efficiency have been improving.
The peak ROA of 7.69% in Q3 2023 indicates that the company was particularly effective in generating profit from its assets during that quarter. However, the slight decrease to 7.67% in Q4 2023 should be monitored to assess if this trend continues or if it represents a potential stabilization point.
Overall, the consistent increase in ROA demonstrates Linde Plc.'s ability to generate profit from its assets and suggests positive prospects for the company's financial performance and operational efficiency going forward. It is important for investors and stakeholders to continue monitoring this metric to assess the company's ongoing financial health.
Peer comparison
Dec 31, 2023
See also:
Linde plc Ordinary Shares Return on Assets (ROA) (Quarterly Data)