West Pharmaceutical Services Inc (WST)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 492,700 | 499,600 | 524,900 | 568,700 | 593,400 | 559,400 | 518,700 | 552,100 | 585,900 | 630,600 | 685,600 | 684,400 | 661,800 | 612,500 | 519,200 | 423,100 | 346,200 | 311,700 | 285,700 | 260,600 |
| Total assets | US$ in thousands | 3,643,400 | 3,675,100 | 3,489,400 | 3,602,300 | 3,829,500 | 3,754,700 | 3,669,600 | 3,723,600 | 3,616,800 | 3,316,800 | 3,361,700 | 3,294,700 | 3,313,800 | 3,142,600 | 2,933,500 | 2,739,700 | 2,793,800 | 2,582,800 | 2,392,300 | 2,246,500 |
| ROA | 13.52% | 13.59% | 15.04% | 15.79% | 15.50% | 14.90% | 14.14% | 14.83% | 16.20% | 19.01% | 20.39% | 20.77% | 19.97% | 19.49% | 17.70% | 15.44% | 12.39% | 12.07% | 11.94% | 11.60% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $492,700K ÷ $3,643,400K
= 13.52%
West Pharmaceutical Services Inc has shown varying levels of return on assets (ROA) over the past few years. The ROA has generally been increasing from around 11.60% in March 2020 to a peak of 20.77% in March 2022. This indicates that the company has been able to generate more income relative to its total assets during this period.
However, there has been a slight decline in ROA since the peak in March 2022, with the ratio decreasing to 13.52% by December 2024. This declining trend suggests that the company's ability to generate profits from its assets may be weakening or that its asset base is growing faster than its net income.
Overall, while West Pharmaceutical Services Inc has demonstrated a strong performance in terms of ROA in recent years, investors and analysts may want to monitor the trend closely to understand the factors driving the fluctuations and assess the company's future profitability potential.
Peer comparison
Dec 31, 2024