PPG Industries Inc (PPG)
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 | 1,116,000 | 1,486,000 | 1,444,000 | 1,406,000 | 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 |
| 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 |
| ROA | 5.74% | 6.80% | 6.65% | 6.43% | 5.87% | 6.60% | 6.11% | 5.76% | 4.95% | 5.15% | 5.05% | 5.88% | 6.74% | 7.93% | 8.33% | 7.27% | 5.42% | 5.90% | 5.53% | 6.50% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,116,000K ÷ $19,433,000K
= 5.74%
ROA (Return on Assets) is a key financial ratio that measures a company's ability to generate profits relative to its total assets. A higher ROA indicates more efficient asset utilization by the company.
Analyzing the historical ROA trend of PPG Industries Inc from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio over the period. The ROA started at 6.50% in March 2020, decreasing to 5.53% in June 2020 before slightly improving to 5.90% in September 2020. However, by December 2020, it decreased again to 5.42%.
Subsequently, we witness an upward trend in ROA from March 2021 (7.27%) to June 2021 (8.33%) and September 2021 (7.93%). The ratio then decreased to 6.74% by December 2021 and continued to fluctuate around the mid- to high-5% range in the following quarters.
The ROA peaked at 6.80% in September 2024 but declined to 5.74% by December 2024. Overall, the ROA of PPG Industries Inc has shown variability over the analyzed period, signaling changes in the company's profitability relative to its asset base. Further investigation into the reasons behind these fluctuations would provide insights into the company's performance and efficiency in generating returns from its assets.
Peer comparison
Dec 31, 2024