LyondellBasell Industries NV (LYB)

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	1,552,000	2,289,000	2,114,000	3,043,000	3,889,000	4,262,000	5,452,000	5,867,000	5,617,000	5,746,000	4,098,000	2,353,000	1,427,000	1,184,000	2,035,000	2,724,000	3,397,000	3,477,000	3,625,000	4,276,000
Total assets	US$ in thousands	37,000,000	36,875,000	36,683,000	36,255,000	36,365,000	36,491,000	37,024,000	37,854,000	36,742,000	38,662,000	37,259,000	35,746,000	35,403,000	31,949,000	31,541,000	31,100,000	30,435,000	30,114,000	31,171,000	29,889,000
ROA		4.19%	6.21%	5.76%	8.39%	10.69%	11.68%	14.73%	15.50%	15.29%	14.86%	11.00%	6.58%	4.03%	3.71%	6.45%	8.76%	11.16%	11.55%	11.63%	14.31%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,552,000K ÷ $37,000,000K
= 4.19%

Based on the data provided, the return on assets (ROA) of LyondellBasell Industries NV has shown a general decreasing trend over the past eight quarters. In Q1 2022, the ROA was at its highest point, reaching 15.46%, but it has continuously declined since then.

The ROA decreased to 14.69% in Q2 2022, followed by further declines in subsequent quarters. By Q4 2023, the ROA had dropped to 5.71%, representing a significant decrease compared to the levels seen in previous periods.

This decreasing trend in ROA may indicate a decline in the company's ability to generate profits from its assets relative to its total assets. It suggests that the company may be experiencing challenges in effectively utilizing its assets to generate earnings. Further analysis of the company's financial performance and asset management practices would be needed to fully understand the reasons behind this decline in ROA.