Owens Corning Inc (OC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 647,000 | 1,036,000 | 1,052,000 | 1,112,000 | 1,196,000 | 1,189,000 | 1,322,000 | 1,320,000 | 1,241,000 | 1,344,000 | 1,134,000 | 1,089,000 | 995,000 | 1,000,000 | 946,000 | 744,000 | -383,000 | -542,000 | -598,000 | -556,000 |
| Total assets | US$ in thousands | 14,075,000 | 15,054,000 | 14,991,000 | 11,269,000 | 11,237,000 | 11,069,000 | 11,001,000 | 10,840,000 | 10,752,000 | 10,721,000 | 10,543,000 | 10,316,000 | 10,015,000 | 9,981,000 | 9,977,000 | 9,560,000 | 9,481,000 | 9,398,000 | 9,370,000 | 9,151,000 |
| ROA | 4.60% | 6.88% | 7.02% | 9.87% | 10.64% | 10.74% | 12.02% | 12.18% | 11.54% | 12.54% | 10.76% | 10.56% | 9.94% | 10.02% | 9.48% | 7.78% | -4.04% | -5.77% | -6.38% | -6.08% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $647,000K ÷ $14,075,000K
= 4.60%
Owens Corning Inc's return on assets (ROA) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA was negative in the first three quarters of 2020, indicating the company's assets were not effectively utilized to generate profits. However, starting from March 31, 2021, the ROA turned positive and increased steadily until reaching a peak of 12.54% as of September 30, 2022.
Subsequently, the ROA exhibited some variations but generally remained above 10% until December 31, 2023. However, in the following quarters, the ROA showed a decline, dropping to 4.60% by December 31, 2024. This downward trend in ROA suggests a potential decrease in the company's efficiency in utilizing its assets to generate profits by the end of 2024.
Overall, analyzing the ROA trend provides insights into Owens Corning Inc's operational efficiency and profitability through the effective utilization of its assets.