LyondellBasell Industries NV (LYB)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,121,000	3,889,000	5,617,000	1,427,000	3,397,000
Total assets	US$ in thousands	37,000,000	36,365,000	36,742,000	35,403,000	30,435,000
ROA		5.73%	10.69%	15.29%	4.03%	11.16%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $2,121,000K ÷ $37,000,000K
= 5.73%

The return on assets (ROA) of LyondellBasell Industries NV has fluctuated over the past five years, ranging from 4.01% in 2020 to 15.25% in 2021. The ROA decreased to 5.71% in 2023, reflecting a decline compared to the prior year. A higher ROA indicates that the company is utilizing its assets efficiently to generate profits. However, the decreasing trend in ROA from 2021 to 2023 may suggest a decline in asset efficiency or profitability. Further analysis of the company's financial performance and asset management strategies would be needed to determine the underlying reasons for the fluctuations in ROA.