Myers Industries Inc (MYE)
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 | 48,867 | 49,756 | 50,680 | 55,906 | 60,267 | 54,094 | 48,326 | 43,570 | 33,538 | 29,273 | 30,055 | 27,348 | 36,769 | 39,517 | 36,051 | 34,289 | 24,333 | 20,933 | -5,425 | -3,423 |
| Total assets | US$ in thousands | 541,631 | 531,121 | 542,710 | 556,197 | 542,634 | 549,724 | 554,012 | 517,245 | 484,549 | 494,793 | 430,475 | 420,281 | 400,015 | 366,383 | 354,845 | 348,867 | 353,139 | 357,286 | 352,996 | 345,788 |
| ROA | 9.02% | 9.37% | 9.34% | 10.05% | 11.11% | 9.84% | 8.72% | 8.42% | 6.92% | 5.92% | 6.98% | 6.51% | 9.19% | 10.79% | 10.16% | 9.83% | 6.89% | 5.86% | -1.54% | -0.99% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $48,867K ÷ $541,631K
= 9.02%
Myers Industries Inc.'s return on assets (ROA) has shown some fluctuations over the past eight quarters. The ROA has ranged from 8.42% to 11.11%. The downward trend from Q4 2022 to Q1 2023 appears to have reversed, with the ROA increasing from 8.42% to 10.05%. This suggests that the company's ability to generate profits from its assets improved in Q1 2023 compared to the previous quarters. While the ROA dropped slightly in the subsequent quarters, it remained above 9%, indicating a relatively stable performance in utilizing its assets to generate earnings. Overall, Myers Industries Inc.'s ROA performance reflects a decent utilization of assets to generate profits over the analyzed period.
Peer comparison
Dec 31, 2023