Stepan Company (SCL)
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 | 50,370 | 45,827 | 34,792 | 37,955 | 40,204 | 52,231 | 79,044 | 118,486 | 147,153 | 153,314 | 150,850 | 142,002 | 137,804 | 151,159 | 147,407 | 139,836 | 126,770 | 118,458 | 111,179 | 105,690 |
| Total assets | US$ in thousands | 2,304,650 | 2,413,790 | 2,348,590 | 2,373,150 | 2,363,350 | 2,333,530 | 2,430,820 | 2,445,940 | 2,433,170 | 2,336,770 | 2,288,800 | 2,272,600 | 2,065,610 | 1,955,940 | 1,887,300 | 1,827,940 | 1,752,340 | 1,617,650 | 1,543,410 | 1,506,300 |
| ROA | 2.19% | 1.90% | 1.48% | 1.60% | 1.70% | 2.24% | 3.25% | 4.84% | 6.05% | 6.56% | 6.59% | 6.25% | 6.67% | 7.73% | 7.81% | 7.65% | 7.23% | 7.32% | 7.20% | 7.02% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $50,370K ÷ $2,304,650K
= 2.19%
Stepping Company's Return on Assets (ROA) has exhibited a fluctuating trend over the past few years. The ROA started at a relatively healthy 7.02% as of March 31, 2020, and reached its peak at 7.81% by June 30, 2021. However, the ROA began to decline gradually, dropping to 6.05% by December 31, 2022.
From there, the decline accelerated, with ROA plummeting to 1.60% by March 31, 2024. Subsequently, there was a slight improvement as of December 31, 2024, with the ROA standing at 2.19%.
This decreasing trend in ROA indicates a deteriorating efficiency in utilizing the company's assets to generate profits. Stepping Company may need to focus on enhancing operational performance and asset management to improve its ROA sustainability in the future.
Peer comparison
Dec 31, 2024