PPG Industries Inc (PPG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,377,000 | 1,270,000 | 1,026,000 | 1,439,000 | 1,059,000 |
| Total assets | US$ in thousands | 19,433,000 | 21,647,000 | 20,744,000 | 21,351,000 | 19,556,000 |
| ROA | 7.09% | 5.87% | 4.95% | 6.74% | 5.42% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,377,000K ÷ $19,433,000K
= 7.09%
Based on the provided data, PPG Industries Inc has shown a fluctuating trend in its Return on Assets (ROA) over the past five years. The ROA for PPG Industries Inc was 5.42% as of December 31, 2020, which increased to 6.74% by December 31, 2021, indicating an improvement in the company's efficiency in generating profits from its assets.
However, in the subsequent years, there was a slight decline in ROA, with figures of 4.95% as of December 31, 2022 and 5.87% as of December 31, 2023. It is worth noting that these fluctuations may indicate changes in the company's asset utilization efficiency or profitability.
The most recent data point shows a notable increase in ROA, reaching 7.09% as of December 31, 2024. This improvement suggests that PPG Industries Inc may have optimized its asset management strategies to generate higher returns relative to its asset base.
In conclusion, the ROA trend of PPG Industries Inc reflects a mix of fluctuations and improvements over the past five years, indicating the company's varying performance in efficiently deploying its assets to generate profits.
Peer comparison
Dec 31, 2024