Zoetis Inc (ZTS)

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	2,486,000	2,430,000	2,344,000	2,391,000	2,344,000	2,280,000	2,213,000	2,071,000	2,114,000	2,067,000	2,090,000	2,073,000	2,037,000	1,982,000	1,909,000	1,774,000	1,638,000	1,663,000	1,617,000	1,611,000
Total assets	US$ in thousands	14,237,000	14,357,000	14,165,000	14,348,000	14,286,000	14,106,000	13,749,000	13,754,000	14,925,000	13,674,000	13,770,000	13,860,000	13,900,000	13,705,000	14,069,000	13,796,000	13,600,000	13,725,000	13,069,000	11,528,000
ROA		17.46%	16.93%	16.55%	16.66%	16.41%	16.16%	16.10%	15.06%	14.16%	15.12%	15.18%	14.96%	14.65%	14.46%	13.57%	12.86%	12.04%	12.12%	12.37%	13.97%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,486,000K ÷ $14,237,000K
= 17.46%

Zoetis Inc's return on assets (ROA) has shown a generally positive trend over the reported period from March 31, 2020, to December 31, 2024. The ROA has increased from 13.97% in March 2020 to 17.46% by the end of December 2024.

ROA is an important financial ratio that indicates how efficiently a company is utilizing its assets to generate profits. A higher ROA percentage suggests that the company is better at converting its assets into profits. In the case of Zoetis Inc, the increasing trend in ROA indicates improving asset utilization and profitability over time.

The fluctuations in ROA over the quarters may be influenced by various factors such as changes in revenue, expenses, asset base, and economic conditions. Overall, the consistent upward trend in ROA for Zoetis Inc reflects positively on the company's operational efficiency and profitability. It suggests that the company has been effectively managing its assets to generate higher returns for its shareholders.