Silgan Holdings Inc (SLGN)
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 | 325,965 | 286,131 | 314,217 | 328,002 | 340,848 | 401,285 | 368,874 | 370,675 | 359,081 | 334,148 | 340,707 | 324,403 | 308,722 | 283,467 | 251,890 | 204,673 | 193,815 | 197,163 | 200,628 | 225,016 |
| Total assets | US$ in thousands | 7,611,240 | 7,812,310 | 7,913,720 | 7,861,720 | 7,345,760 | 7,519,410 | 7,874,500 | 7,710,410 | 7,770,850 | 7,547,840 | 6,724,320 | 6,441,470 | 6,511,590 | 6,452,580 | 6,373,060 | 5,528,540 | 4,931,060 | 5,074,020 | 5,111,220 | 4,924,570 |
| ROA | 4.28% | 3.66% | 3.97% | 4.17% | 4.64% | 5.34% | 4.68% | 4.81% | 4.62% | 4.43% | 5.07% | 5.04% | 4.74% | 4.39% | 3.95% | 3.70% | 3.93% | 3.89% | 3.93% | 4.57% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $325,965K ÷ $7,611,240K
= 4.28%
To analyze Silgan Holdings Inc.'s return on assets (ROA) based on the provided data, we observe a fluctuating trend over the eight quarters presented. ROA indicates the company's efficiency in generating profits from its assets.
The ROA for Silgan Holdings Inc. ranged from 3.66% to 5.34% across the quarters. A downward trend is observed from Q3 2022 to Q4 2023, decreasing from 5.34% to 4.28%. This decline may indicate a decrease in profitability relative to the company's asset base during this period.
Although the ROA values fluctuated, the company generally maintained an ROA above 4%, indicating that it was effectively utilizing its assets to generate profits throughout the period under review. It is essential to further investigate the causes of the fluctuations in ROA to assess the company's operational efficiency and profitability over time.
Overall, Silgan Holdings Inc.'s ROA performance suggests that the company has been relatively successful in generating profits from its assets, but careful monitoring and analysis of trends in ROA can help assess the company's financial health and performance.
Peer comparison
Dec 31, 2023