Matson Inc (MATX)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	297,100	1,063,900	927,400	193,100	82,700
Total assets	US$ in thousands	4,294,600	4,330,000	3,693,100	2,900,600	2,845,400
ROA		6.92%	24.57%	25.11%	6.66%	2.91%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $297,100K ÷ $4,294,600K
= 6.92%

Matson Inc's return on assets (ROA) has displayed fluctuating trends over the past five years. The company's ROA was 6.92% in 2023, significantly lower than the ROA of 24.57% and 25.11% in 2022 and 2021 respectively. This decline may indicate a decrease in the company's ability to generate profits from its assets compared to the previous years.

In 2020, Matson Inc's ROA was 6.66%, showing a slight improvement from the previous year. However, the ROA in 2019 was notably lower at 2.91%, suggesting that the company has made progress in utilizing its assets more efficiently since then.

Overall, the fluctuating ROA figures for Matson Inc reflect variations in the company's profitability relative to its total assets over the five-year period. Further analysis of the company's financial performance and asset management strategies would be necessary to fully understand the reasons behind these fluctuations.