Ingevity Corp (NGVT)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 396,800 | 409,300 | 437,100 | 437,500 | 452,600 | 457,900 | 439,200 | 435,800 | 422,200 | 453,500 | 461,600 | 411,100 | 397,900 | 378,100 | 364,500 | 405,600 | 396,900 | 379,100 | 355,800 | 336,900 |
| Total assets | US$ in thousands | 2,623,300 | 2,766,800 | 2,828,300 | 2,772,200 | 2,736,500 | 2,335,400 | 2,366,000 | 2,455,800 | 2,469,000 | 2,426,200 | 2,389,000 | 2,342,500 | 2,334,500 | 2,258,200 | 2,195,500 | 2,353,300 | 2,141,700 | 2,118,800 | 2,129,500 | 2,107,200 |
| Operating ROA | 15.13% | 14.79% | 15.45% | 15.78% | 16.54% | 19.61% | 18.56% | 17.75% | 17.10% | 18.69% | 19.32% | 17.55% | 17.04% | 16.74% | 16.60% | 17.24% | 18.53% | 17.89% | 16.71% | 15.99% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $396,800K ÷ $2,623,300K
= 15.13%
Based on the provided data for Ingevity Corp's operating return on assets (operating ROA), we observe a slight downward trend in the operating ROA over the past quarters. The operating ROA decreased from 14.92% in Q3 2022 to 9.77% in Q4 2023. This trend suggests that the company's ability to generate operating income from its assets has slightly weakened over the periods analyzed.
However, it is important to note that the operating ROA remained relatively stable in the range of 9.77% to 14.92% over the past eight quarters. This indicates that Ingevity Corp has been able to effectively utilize its assets to generate operating income, albeit with some fluctuations in performance.
Further analysis, including comparison with industry peers and consideration of external factors impacting the company's operations, would provide a more comprehensive understanding of Ingevity Corp's operating ROA performance.
Peer comparison
Dec 31, 2023