Sherwin-Williams Co (SHW)
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 | 2,388,800 | 2,418,900 | 2,342,500 | 2,126,700 | 2,020,100 | 1,937,800 | 1,754,900 | 1,825,600 | 1,864,400 | 1,967,400 | 2,171,000 | 2,118,300 | 2,030,400 | 1,872,000 | 1,742,700 | 1,617,800 | 1,541,300 | 1,393,700 | 1,171,200 | 1,103,800 |
| Total assets | US$ in thousands | 22,954,000 | 23,004,500 | 23,166,100 | 23,129,900 | 22,594,000 | 22,245,800 | 22,052,800 | 21,730,400 | 20,667,000 | 20,736,600 | 20,519,600 | 20,435,000 | 20,401,600 | 20,809,700 | 20,494,500 | 20,570,300 | 20,496,200 | 20,864,300 | 21,186,100 | 20,961,600 |
| ROA | 10.41% | 10.51% | 10.11% | 9.19% | 8.94% | 8.71% | 7.96% | 8.40% | 9.02% | 9.49% | 10.58% | 10.37% | 9.95% | 9.00% | 8.50% | 7.86% | 7.52% | 6.68% | 5.53% | 5.27% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,388,800K ÷ $22,954,000K
= 10.41%
Sherwin-Williams Co. has demonstrated a consistent improvement in its return on assets (ROA) over the past eight quarters, with the ROA increasing from 8.40% in Q1 2022 to 10.41% in Q4 2023. This indicates that the company is effectively utilizing its assets to generate profits for its shareholders. The upward trend in ROA suggests that Sherwin-Williams Co. has been able to increase its profitability relative to its asset base over time. This improvement reflects positively on the company's operational efficiency and management's ability to generate earnings from its investments in assets. Overall, the consistent increase in ROA indicates that Sherwin-Williams Co. is efficiently managing its assets to generate returns for its stakeholders.
Peer comparison
Dec 31, 2023