LyondellBasell Industries NV (LYB)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,053,000 | 5,101,000 | 6,773,000 | 1,559,000 | 4,116,000 |
| Total assets | US$ in thousands | 37,000,000 | 36,365,000 | 36,742,000 | 35,403,000 | 30,435,000 |
| Operating ROA | 8.25% | 14.03% | 18.43% | 4.40% | 13.52% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $3,053,000K ÷ $37,000,000K
= 8.25%
The operating return on assets (operating ROA) for LyondellBasell Industries NV has shown fluctuations over the past five years. In 2023, the operating ROA decreased to 9.65% from 14.22% in 2022. This decline may indicate a decrease in the company's ability to generate operating income from its assets in the most recent period.
Comparing 2023 to 2021, where the operating ROA was 20.13%, there was a significant drop in performance. This decrease suggests a potential decline in the efficiency of asset utilization or operating profitability during this period.
In 2020, the operating ROA was 6.05%, which was lower than the surrounding years. This could indicate challenges or inefficiencies in generating operating income relative to the asset base during that year.
The highest operating ROA observed in the provided data was in 2021 at 20.13%, indicating a period of strong operating performance relative to the asset base. However, it's essential to note the subsequent decline in the following years.
Overall, analyzing the historical trends of operating ROA for LyondellBasell Industries NV, there are fluctuations in the company's ability to efficiently generate operating income from its assets. This metric can provide insights into the company's operational efficiency and profitability over time.
Peer comparison
Dec 31, 2023