Return on Assets (ROA)
since 2005
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Air Products & Chemicals Inc. pages available for free this week:
- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Net Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Analysis of Revenues
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Calculation
Air Products & Chemicals Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Air Products1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2020 | = | 100 | × | ÷ | |||
| Sep 30, 2019 | = | 100 | × | ÷ | |||
| Sep 30, 2018 | = | 100 | × | ÷ | |||
| Sep 30, 2017 | = | 100 | × | ÷ | |||
| Sep 30, 2016 | = | 100 | × | ÷ | |||
| Sep 30, 2015 | = | 100 | × | ÷ | |||
| Sep 30, 2014 | = | 100 | × | ÷ | |||
| Sep 30, 2013 | = | 100 | × | ÷ | |||
| Sep 30, 2012 | = | 100 | × | ÷ | |||
| Sep 30, 2011 | = | 100 | × | ÷ | |||
| Sep 30, 2010 | = | 100 | × | ÷ | |||
| Sep 30, 2009 | = | 100 | × | ÷ | |||
| Sep 30, 2008 | = | 100 | × | ÷ | |||
| Sep 30, 2007 | = | 100 | × | ÷ | |||
| Sep 30, 2006 | = | 100 | × | ÷ | |||
| Sep 30, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in thousands
- Net Income Trends
- Net income attributable to the company demonstrated variability throughout the analyzed period. Starting at approximately 711.7 million US dollars in 2005, it generally increased, reaching a peak of 3.0 billion US dollars in 2017. Notable declines occurred in 2009 and 2016, where net income fell to around 631.3 million and 631.1 million US dollars, respectively. After the peak in 2017, net income showed fluctuations but maintained a relatively strong level, ending at approximately 1.9 billion US dollars in 2020.
- Total Assets Trends
- Total assets steadily increased over the period without notable declines. From about 10.4 billion US dollars in 2005, assets grew consistently, reaching a new high of approximately 25.2 billion US dollars in 2020. The most significant growth occurred after 2016, where asset base expanded markedly from around 18.5 billion to over 25 billion US dollars in 2020, indicating possible expansions or acquisitions in recent years.
- Return on Assets (ROA) Analysis
- The ROA metric experienced fluctuations in line with net income patterns but exhibited considerable volatility. Starting at 6.84% in 2005, the ratio peaked at 16.25% in 2017, corresponding to the highest net income observed. However, it also showed declines to as low as 3.5% in 2016. Overall, ROA remained primarily between 4.8% and 9.3%, suggesting moderate efficiency in asset utilization with occasional spikes related to net income gains.
- Correlations and Insights
- The data reveals a correlation between net income and ROA, particularly evident during the peak years (2017) where high net income coincides with a strong ROA. Meanwhile, total assets generally increased independently of net income fluctuations, indicating that asset growth did not always directly translate into proportional net income gains. The significant asset growth post-2016 may imply strategic investments, though such growth did not immediately correspond to proportional improvements in profitability ratios.
Comparison to Competitors
Air Products & Chemicals Inc., ROA, long-term trends, comparison to competitors
| Air Products & Chemicals Inc. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Sep 30, 2020 | |||
| Sep 30, 2019 | |||
| Sep 30, 2018 | |||
| Sep 30, 2017 | |||
| Sep 30, 2016 | |||
| Sep 30, 2015 | |||
| Sep 30, 2014 | |||
| Sep 30, 2013 | |||
| Sep 30, 2012 | |||
| Sep 30, 2011 | |||
| Sep 30, 2010 | |||
| Sep 30, 2009 | |||
| Sep 30, 2008 | |||
| Sep 30, 2007 | |||
| Sep 30, 2006 | |||
| Sep 30, 2005 |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Chemicals)
Air Products & Chemicals Inc., ROA, long-term trends, comparison to sector (chemicals)
| Air Products & Chemicals Inc. | Chemicals | |
|---|---|---|
| Sep 30, 2020 | ||
| Sep 30, 2019 | ||
| Sep 30, 2018 | ||
| Sep 30, 2017 | ||
| Sep 30, 2016 | ||
| Sep 30, 2015 | ||
| Sep 30, 2014 | ||
| Sep 30, 2013 | ||
| Sep 30, 2012 | ||
| Sep 30, 2011 | ||
| Sep 30, 2010 | ||
| Sep 30, 2009 | ||
| Sep 30, 2008 | ||
| Sep 30, 2007 | ||
| Sep 30, 2006 | ||
| Sep 30, 2005 |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Materials)
Air Products & Chemicals Inc., ROA, long-term trends, comparison to industry (materials)
| Air Products & Chemicals Inc. | Materials | |
|---|---|---|
| Sep 30, 2020 | ||
| Sep 30, 2019 | ||
| Sep 30, 2018 | ||
| Sep 30, 2017 | ||
| Sep 30, 2016 | ||
| Sep 30, 2015 | ||
| Sep 30, 2014 | ||
| Sep 30, 2013 | ||
| Sep 30, 2012 | ||
| Sep 30, 2011 | ||
| Sep 30, 2010 | ||
| Sep 30, 2009 | ||
| Sep 30, 2008 | ||
| Sep 30, 2007 | ||
| Sep 30, 2006 | ||
| Sep 30, 2005 |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).