PPG Industries Inc (PPG)
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 | 1,270,000 | 1,418,000 | 1,321,000 | 1,272,000 | 1,026,000 | 1,074,000 | 1,089,000 | 1,079,000 | 1,439,000 | 1,425,000 | 1,523,000 | 1,194,000 | 1,059,000 | 1,079,000 | 1,004,000 | 1,174,000 | 1,243,000 | 1,209,000 | 1,220,000 | 1,319,000 |
| Total assets | US$ in thousands | 21,647,000 | 21,501,000 | 22,216,000 | 22,099,000 | 20,744,000 | 20,868,000 | 21,572,000 | 21,888,000 | 21,351,000 | 21,883,000 | 22,353,000 | 20,139,000 | 19,556,000 | 18,300,000 | 18,170,000 | 18,064,000 | 17,708,000 | 18,064,000 | 17,955,000 | 17,371,000 |
| ROA | 5.87% | 6.60% | 5.95% | 5.76% | 4.95% | 5.15% | 5.05% | 4.93% | 6.74% | 6.51% | 6.81% | 5.93% | 5.42% | 5.90% | 5.53% | 6.50% | 7.02% | 6.69% | 6.79% | 7.59% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,270,000K ÷ $21,647,000K
= 5.87%
PPG Industries, Inc.'s return on assets (ROA) has been fluctuating over the past eight quarters. The ROA ranged from 4.93% to 6.60%, with an average of approximately 5.58% during this period.
It is evident that PPG Industries has been able to generate a reasonable return on its assets, with Q3 2023 showing the highest ROA of 6.60% and Q1 2022 showing the lowest ROA of 4.93%. The company's ability to consistently maintain an ROA above 5% indicates overall efficiency in utilizing its assets to generate profits.
However, it is important to note the slight variations in ROA, as they may reflect changes in the company's operational efficiency, profitability, or asset management strategies. Monitoring these fluctuations and analyzing the underlying factors contributing to these variations can provide valuable insights into the company's financial performance and growth prospects.
Peer comparison
Dec 31, 2023