LyondellBasell Industries NV (LYB)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,360,000	2,114,000	3,882,000	5,610,000	1,420,000
Total assets	US$ in thousands	35,746,000	37,000,000	36,365,000	36,742,000	35,403,000
ROA		3.80%	5.71%	10.68%	15.27%	4.01%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $1,360,000K ÷ $35,746,000K
= 3.80%

ROA, or return on assets, measures a company's profitability relative to its total assets. Looking at the data for LyondellBasell Industries NV, we can observe fluctuations in ROA over the years.

In 2020, the ROA stood at 4.01%, indicating that the company generated $0.0401 in profit for every $1 of assets. This ratio saw a significant increase to 15.27% by the end of 2021, signaling a notable improvement in profitability efficiency. However, in 2022, the ROA decreased to 10.68%, showing a slight dip in the company's ability to generate income from its assets.

Moving forward, the ROA decreased further to 5.71% by the end of 2023, indicating a continued decline in profitability relative to assets. By the end of 2024, the ROA dropped to 3.80%, marking a further decrease in the company's ability to generate profit from its asset base.

Overall, despite some fluctuations, it is important for LyondellBasell Industries NV to closely monitor its ROA to ensure efficient utilization of assets and sustainable profitability in the long term.