Ingevity Corp (NGVT)

Operating return on assets (Operating 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
Operating income (ttm) US$ in thousands 369,000 350,200 350,400 369,800 396,800 409,300 437,100 437,500 452,600 457,900 439,200 435,800 422,200 453,500 461,600 411,100 397,900 378,100 364,500 405,600
Total assets US$ in thousands 2,022,600 2,211,600 2,276,200 2,566,900 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
Operating ROA 18.24% 15.83% 15.39% 14.41% 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%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $369,000K ÷ $2,022,600K
= 18.24%

Ingevity Corp's operating return on assets (operating ROA) has fluctuated over the analyzed periods. The trend shows a general increase from March 31, 2020, at 17.24%, reaching a peak of 19.61% on September 30, 2022. However, there was a subsequent decline in the following periods, dropping to 14.41% by March 31, 2024.

Operating ROA is a metric that indicates the efficiency of the company in generating profits from its assets used in its core operations. Therefore, the fluctuations observed in Ingevity Corp's operating ROA signal changing operational performance over time. The company may need to further analyze the factors impacting its operating profitability and asset utilization to maintain or improve its operating ROA levels in the future.