MSA Safety (MSA)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	284,967	273,431	272,039	266,895	58,583	33,662	13,294	-6,121	179,580	66,615	42,894	20,387	21,285	95,099	101,944	112,798	120,003	138,791	152,920	156,645
Total assets	US$ in thousands	2,205,780	2,241,930	2,243,570	2,174,330	2,170,150	2,194,340	2,199,150	2,179,670	2,376,980	2,387,290	2,408,450	2,415,780	2,396,400	2,259,450	1,963,230	1,942,760	1,872,480	1,792,660	1,752,940	1,730,930
ROA		12.92%	12.20%	12.13%	12.27%	2.70%	1.53%	0.60%	-0.28%	7.55%	2.79%	1.78%	0.84%	0.89%	4.21%	5.19%	5.81%	6.41%	7.74%	8.72%	9.05%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $284,967K ÷ $2,205,780K
= 12.92%

The return on assets (ROA) for MSA Safety has exhibited fluctuations over the past few years, based on the provided data. Starting from March 31, 2020, where the ROA was at 9.05%, there was a downward trend observed over the subsequent periods. The ROA decreased to 8.72% by June 30, 2020, and further declined to 7.74% by September 30, 2020.

The trend of decreasing ROA continued, reaching a low of 0.84% by March 31, 2022. However, from that point onwards, there was a notable improvement in the company's profitability efficiency as the ROA increased to 12.27% by March 31, 2024, and further to 12.92% by December 31, 2024.

It is important to note that the negative ROA of -0.28% on March 31, 2023 reflects a period of unprofitability, which may have been impacted by various internal or external factors affecting MSA Safety's financial performance.

Overall, the ROA trend indicates fluctuations in MSA Safety's ability to generate profits relative to its total assets, with periods of both decline and improvement in profitability efficiency. Additional analysis would be needed to understand the drivers behind these changes and assess the company's financial health comprehensively.