Sealed Air Corporation (SEE)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 341,600 | 491,600 | 506,800 | 502,900 | 263,000 |
| Total assets | US$ in thousands | 7,200,600 | 6,214,700 | 6,229,300 | 6,083,800 | 5,765,200 |
| ROA | 4.74% | 7.91% | 8.14% | 8.27% | 4.56% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $341,600K ÷ $7,200,600K
= 4.74%
Sealed Air Corp.'s return on assets (ROA) has exhibited fluctuations over the past five years. The ROA declined from 8.26% in 2020 to 4.74% in 2023, indicating a decrease in the company's ability to generate profits from its assets during this period. However, it is noteworthy that the ROA was relatively higher in 2021 and 2022 at 8.14% and 7.91%, respectively, suggesting stronger asset utilization efficiency in those years compared to the others.
Overall, the downward trend in ROA from 2019 to 2023 may raise concerns about the company's asset management and operational performance. Further analysis of the company's financial statements and operations is recommended to understand the drivers behind these fluctuations and to assess the company's long-term profitability prospects.
Peer comparison
Dec 31, 2023