Sealed Air Corporation (SEE)
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 | 341,600 | 311,900 | 389,500 | 404,300 | 491,600 | 578,200 | 551,700 | 545,900 | 506,800 | 468,100 | 494,400 | 486,400 | 502,900 | 465,000 | 399,000 | 332,100 | 263,000 | 359,000 | 370,000 | 451,200 |
| Total assets | US$ in thousands | 7,200,600 | 7,367,700 | 7,524,400 | 7,356,200 | 6,214,700 | 6,075,100 | 6,105,400 | 6,117,000 | 6,229,300 | 6,159,800 | 6,006,600 | 5,918,700 | 6,083,800 | 5,828,200 | 5,756,300 | 5,671,000 | 5,765,200 | 5,676,400 | 5,216,500 | 5,155,000 |
| ROA | 4.74% | 4.23% | 5.18% | 5.50% | 7.91% | 9.52% | 9.04% | 8.92% | 8.14% | 7.60% | 8.23% | 8.22% | 8.27% | 7.98% | 6.93% | 5.86% | 4.56% | 6.32% | 7.09% | 8.75% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $341,600K ÷ $7,200,600K
= 4.74%
The return on assets (ROA) of Sealed Air Corp. has been fluctuating over the past eight quarters. In Q4 2022, the ROA was at 7.91%, indicating that the company generated a return of 7.91% on its assets during that period. Subsequently, the ROA decreased to 4.74% in Q4 2023, signaling a drop in the company's ability to generate returns from its assets.
The trend in ROA shows a general decline from Q4 2022 to Q4 2023, with fluctuations in between. The highest ROA was recorded in Q3 2022 at 9.52%, while the lowest was in Q4 2023 at 4.74%. This variation suggests that Sealed Air Corp.'s asset utilization and profitability have been inconsistent over the quarters analyzed.
Overall, the decreasing trend in ROA from 7.91% in Q4 2022 to 4.74% in Q4 2023 may raise concerns about the company's efficiency in generating profits from its assets. Further evaluation of the company's operational performance and asset management strategies would be beneficial to assess the sustainability of its returns in the future.
Peer comparison
Dec 31, 2023