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.