Ingevity Corp (NGVT)
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 | -5,400 | 127,000 | 177,200 | 201,500 | 211,600 | 225,300 | 145,700 | 130,200 | 118,100 | 134,800 | 208,900 | 184,800 | 181,400 | 179,700 | 169,700 | 206,300 | 183,700 | 181,500 | 171,100 | 161,000 |
| 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 |
| ROA | -0.21% | 4.59% | 6.27% | 7.27% | 7.73% | 9.65% | 6.16% | 5.30% | 4.78% | 5.56% | 8.74% | 7.89% | 7.77% | 7.96% | 7.73% | 8.77% | 8.58% | 8.57% | 8.03% | 7.64% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-5,400K ÷ $2,623,300K
= -0.21%
The Return on Assets (ROA) is a key profitability ratio that measures a company's ability to generate earnings from its total assets. A higher ROA indicates that the company is more efficient in utilizing its assets to generate profits.
Looking at the trend of Ingevity Corp's ROA over the past eight quarters, we can see some fluctuations in performance. In Q4 2023, the ROA was at -0.21%, indicating that the company generated a negative return on its assets during that period. This could be a cause for concern as it suggests that the company may not have been effectively utilizing its assets to generate profits.
In the previous quarters, Ingevity Corp's ROA showed some volatility, with values ranging from 4.59% to 9.65%. The highest ROA was recorded in Q3 2022 at 9.65%, indicating a strong performance in generating profits from its assets during that quarter.
Overall, Ingevity Corp's ROA has shown variability over the past eight quarters, with some periods of strong performance and some periods of lower performance. It would be important for stakeholders to closely monitor the company's asset utilization efficiency to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023