PPG Industries Inc (PPG)
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 | 2,263,000 | 2,061,000 | 2,029,000 | 1,999,000 | 2,017,000 | 2,201,000 | 2,093,000 | 1,909,000 | 1,718,000 | 1,639,000 | 1,609,000 | 1,654,000 | 1,791,000 | 1,964,000 | 2,096,000 | 1,864,000 | 1,659,000 | 1,603,000 | 1,490,000 | 1,710,000 |
| Total assets | US$ in thousands | 19,433,000 | 21,858,000 | 21,729,000 | 21,867,000 | 21,647,000 | 21,501,000 | 21,614,000 | 22,099,000 | 20,744,000 | 20,868,000 | 21,572,000 | 18,339,000 | 21,351,000 | 17,965,000 | 18,286,000 | 16,425,000 | 19,556,000 | 18,300,000 | 18,170,000 | 18,064,000 |
| Operating ROA | 11.65% | 9.43% | 9.34% | 9.14% | 9.32% | 10.24% | 9.68% | 8.64% | 8.28% | 7.85% | 7.46% | 9.02% | 8.39% | 10.93% | 11.46% | 11.35% | 8.48% | 8.76% | 8.20% | 9.47% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,263,000K ÷ $19,433,000K
= 11.65%
From the provided data on PPG Industries Inc's operating return on assets (operating ROA) over a period from March 2020 to December 2024, we can observe fluctuations in the metric.
The operating ROA started at 9.47% in March 2020 and experienced some variability over the following quarters, fluctuating between 8.20% and 11.46%. Notably, there was a significant increase in March 2021 when the operating ROA reached 11.35%, indicating improved operational efficiency and profitability relative to the assets employed.
However, in the subsequent quarters, the operating ROA fluctuated around the 10% mark, with some quarters displaying a slight decrease compared to the peak in March 2021. Notably, there was a slight drop in the operating ROA to 7.46% in June 2022 before a gradual recovery over the next few quarters.
By the end of the period in December 2024, the operating ROA stood at 11.65%, marking a return to a higher level of operational efficiency and profitability relative to the assets utilized.
Overall, the analysis of PPG Industries Inc's operating ROA suggests that the company experienced fluctuations in operational efficiency and profitability over the period under review, with some quarters showing improvements and others displaying slight declines. It is important for stakeholders to monitor these fluctuations and understand the factors driving the changes in operating ROA to make informed decisions regarding the company's performance and prospects.
Peer comparison
Dec 31, 2024