Packaging Corp of America (PKG)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 765,200 | 1,029,800 | 841,100 | 461,000 | 696,400 |
| Total assets | US$ in thousands | 8,681,100 | 8,003,800 | 7,836,800 | 7,433,200 | 7,235,800 |
| ROA | 8.81% | 12.87% | 10.73% | 6.20% | 9.62% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $765,200K ÷ $8,681,100K
= 8.81%
Packaging Corp Of America's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA was 8.74%, showing a decrease from the previous year. However, in 2022, the ROA was at its highest at 12.77%, indicating strong asset utilization and profitability. In 2021, the ROA was 10.65%, also demonstrating a favorable return on assets. The ROA was lower in 2020 at 6.15%, possibly indicating challenges in asset efficiency or profitability during that period. In 2019, the ROA was 9.55%, reflecting a solid performance in utilizing assets to generate profits. Overall, Packaging Corp Of America has shown varying levels of efficiency in generating earnings from its assets over the past five years.
Peer comparison
Dec 31, 2023