Smurfit WestRock plc (SW)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 837,893 | 1,012,340 | 768,778 | 670,324 |
| Total assets | US$ in thousands | 12,628,000 | 12,482,000 | 11,707,000 | 10,290,000 |
| ROA | 6.64% | 8.11% | 6.57% | 6.51% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $837,893K ÷ $12,628,000K
= 6.64%
Smurfit WestRock plc's return on assets (ROA) has shown some fluctuations over the past four years. In 2023, the ROA decreased to 6.64% from 8.11% in 2022, indicating a decline in the company's ability to generate profit from its assets. However, the ROA in 2023 remained relatively close to the ROA figures of 2021 (6.57%) and 2020 (6.51%).
It is essential for stakeholders to closely monitor the trend in ROA to assess the efficiency of Smurfit WestRock plc in utilizing its assets to generate profit. The decreasing trend in ROA from 2022 to 2023 may indicate a need for further analysis to identify the factors contributing to this decline and potential strategies to improve asset utilization efficiency in the future.
Peer comparison
Dec 31, 2023