Ingevity Corp (NGVT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -5,400 | 211,600 | 118,100 | 181,400 | 183,700 |
| Total assets | US$ in thousands | 2,623,300 | 2,736,500 | 2,469,000 | 2,334,500 | 2,141,700 |
| ROA | -0.21% | 7.73% | 4.78% | 7.77% | 8.58% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-5,400K ÷ $2,623,300K
= -0.21%
Ingevity Corp's Return on Assets (ROA) fluctuated over the past five years. ROA was negative at -0.21% in 2023, significantly lower than the positive values seen in the previous four years. Despite this, the company had a promising ROA of 7.73% in 2022, which increased from 4.78% in 2021. This upward trend continued from 2019 when ROA was at its peak of 8.58%. The varying ROA figures suggest changes in the company's efficiency in generating profits relative to its assets over the years. Further analysis of the company's financial performance and operational efficiency is recommended to understand the factors driving these fluctuations in ROA.
Peer comparison
Dec 31, 2023