Phillips 66 (PSX)

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 7,015,000 7,639,000 10,933,000 12,403,000 11,024,000 10,413,000 5,424,000 2,553,000 1,317,000 -495,000 -1,696,000 -2,133,000 -3,975,000 -2,700,000 -1,189,000 376,000 3,076,000 4,580,000 5,360,000 5,275,000
Total assets US$ in thousands 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 58,720,000 58,741,000 57,781,000 57,855,000
ROA 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% 5.24% 7.80% 9.28% 9.12%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $7,015,000K ÷ $75,501,000K
= 9.29%

Phillips 66's return on assets (ROA) has shown fluctuations over the past eight quarters. The ROA ranged from a low of 4.19% in Q1 2022 to a high of 16.04% in Q1 2023. The Q2 and Q3 of 2023 also reflected strong ROA figures, at 14.58% and 9.81% respectively. This suggests that the company has been effectively utilizing its assets to generate profits during these periods. Overall, Phillips 66's ROA trend indicates variability but generally strong performance in recent quarters.


Peer comparison

Dec 31, 2023


See also:

Phillips 66 Return on Assets (ROA) (Quarterly Data)