Sylvamo Corp (SLVM)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 253,000 | 118,000 | 331,000 |
| Total assets | US$ in thousands | 2,872,000 | 2,710,000 | 2,597,000 |
| ROA | 8.81% | 4.35% | 12.75% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $253,000K ÷ $2,872,000K
= 8.81%
Sylvamo Corp's return on assets (ROA) has exhibited fluctuations over the past four years. In 2023, the ROA increased to 8.81% from the previous year's 4.35%. This indicates an improvement in the company's ability to generate profits relative to its total assets. However, when comparing to the ROA of 12.75% in 2021, the current ROA seems lower, suggesting a potential decline in asset efficiency.
Overall, Sylvamo Corp's ROA has been on an upward trend since 2020, indicating a positive performance in utilizing its assets to generate earnings. Further analysis would be needed to determine the specific factors driving these changes in ROA and to assess the company's overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023