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