Phillips 66 (PSX)

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	2,117,000	3,369,000	5,120,000	5,802,000	7,015,000	7,639,000	10,933,000	12,403,000	11,024,000	10,413,000	5,424,000	2,551,000	1,315,000	-497,000	-1,698,000	-2,133,000	-3,975,000	-2,700,000	-1,189,000	376,000
Total assets	US$ in thousands	72,582,000	75,080,000	75,945,000	76,399,000	75,501,000	77,786,000	74,886,000	77,262,000	76,442,000	77,339,000	62,812,000	60,638,000	55,594,000	56,407,000	56,977,000	55,496,000	54,721,000	54,281,000	54,518,000	53,460,000
ROA		2.92%	4.49%	6.74%	7.59%	9.29%	9.82%	14.60%	16.05%	14.42%	13.46%	8.64%	4.21%	2.37%	-0.88%	-2.98%	-3.84%	-7.26%	-4.97%	-2.18%	0.70%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,117,000K ÷ $72,582,000K
= 2.92%

Based on the data provided, Phillips 66's return on assets (ROA) has seen fluctuations over the quarters analyzed.

The ROA was negative for several quarters in 2020 and early 2021, indicating that the company was not effectively utilizing its assets to generate profits during that period. However, the ROA began to improve in the latter part of 2021 and continued to increase throughout 2022 and 2023.

In 2022, Phillips 66's ROA significantly improved, reaching double digits by the end of September 2022. The trend continued into 2023 as the ROA remained at relatively high levels, showing effective asset utilization by the company. However, there was a slight decline in the ROA by the end of 2023 and throughout the first half of 2024.

Overall, while there have been fluctuations in Phillips 66's ROA, there has been a general trend of improvement since late 2021, indicating better performance in utilizing its assets to generate returns for shareholders.