Stock Analysis on Net
Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

Analysis of Profitability Ratios
Quarterly Data

Beginner level

Profitability Ratios (Summary)

Air Products & Chemicals Inc., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014
Return on Sales
Gross profit margin 33.12% 33.85% 34.44% 34.25% 33.87% 32.68% 31.96% 31.34% 30.73% 30.69% 30.17% 29.75% 29.51% 29.73% 30.67% 31.39% 32.33% 32.78% 32.17% 31.62% 30.77% 29.82%
Operating profit margin 24.68% 25.27% 25.86% 25.74% 25.15% 24.04% 23.22% 22.53% 21.93% 22.01% 21.37% 18.68% 18.31% 17.44% 17.98% 20.56% 21.25% 22.11% 21.36% 20.10% 18.37% 17.17%
Net profit margin 21.09% 21.30% 21.58% 21.66% 21.10% 19.73% 19.14% 18.90% 18.92% 16.77% 17.13% 13.13% 33.51% 36.65% 34.63% 36.19% 6.27% 6.63% 6.12% 5.80% 13.59% 12.91%
Return on Investment
Return on equity (ROE) 14.93% 15.62% 16.32% 17.10% 16.34% 15.92% 15.02% 15.19% 15.54% 13.80% 14.43% 10.79% 27.95% 29.75% 31.08% 34.03% 7.92% 8.91% 8.26% 8.00% 17.88% 17.63%
Return on assets (ROA) 7.26% 7.50% 7.68% 9.97% 9.61% 9.29% 8.75% 8.81% 8.83% 7.81% 7.88% 6.17% 15.68% 16.25% 16.39% 17.74% 3.56% 3.50% 3.40% 3.29% 7.63% 7.33%

Based on: 10-Q (filing date: 2021-02-04), 10-K (filing date: 2020-11-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Air Products & Chemicals Inc.’s gross profit margin ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Air Products & Chemicals Inc.’s operating profit margin ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Air Products & Chemicals Inc.’s net profit margin ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Air Products & Chemicals Inc.’s ROE deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
ROA A profitability ratio calculated as net income divided by total assets. Air Products & Chemicals Inc.’s ROA deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Gross Profit Margin

Air Products & Chemicals Inc., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Gross profit 742,800  753,600  720,300  756,200  768,100  792,400  758,000  713,000  651,000  733,100  713,600  649,200  644,800  657,800  635,700  576,300  564,400  814,300  795,100  752,200  760,100  752,300  753,800  714,900  729,800 
Sales 2,375,200  2,320,100  2,065,200  2,216,300  2,254,700  2,283,200  2,224,000  2,187,700  2,224,000  2,298,900  2,259,000  2,155,700  2,216,600  2,203,100  2,121,900  1,980,100  1,882,500  2,463,000  2,434,400  2,271,200  2,355,800  2,449,400  2,470,200  2,414,500  2,560,800 
Profitability Ratio
Gross profit margin1 33.12% 33.85% 34.44% 34.25% 33.87% 32.68% 31.96% 31.34% 30.73% 30.69% 30.17% 29.75% 29.51% 29.73% 30.67% 31.39% 32.33% 32.78% 32.17% 31.62% 30.77% 29.82%
Benchmarks
Gross Profit Margin, Competitors2
Ecolab Inc. 41.43% 41.01% 41.25% 41.64% 41.48% 41.19% 41.02% 41.17% 41.19% 42.58% 43.93% 44.97% 46.49% 46.83% 47.27% 47.35% 47.55%
Linde plc 43.53% 42.76% 42.23% 41.58% 41.04% 39.08% 38.75% 38.85% 39.03% 43.72% 43.76% 43.74% 43.56% 43.63% 43.66% 43.98% 44.37%

Based on: 10-Q (filing date: 2021-02-04), 10-K (filing date: 2020-11-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30).

1 Q1 2021 Calculation
Gross profit margin = 100 × (Gross profitQ1 2021 + Gross profitQ4 2020 + Gross profitQ3 2020 + Gross profitQ2 2020) ÷ (SalesQ1 2021 + SalesQ4 2020 + SalesQ3 2020 + SalesQ2 2020)
= 100 × (742,800 + 753,600 + 720,300 + 756,200) ÷ (2,375,200 + 2,320,100 + 2,065,200 + 2,216,300) = 33.12%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Air Products & Chemicals Inc.’s gross profit margin ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Operating Profit Margin

Air Products & Chemicals Inc., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Operating income 539,100  560,200  539,200  577,200  561,000  603,200  569,700  516,500  455,000  533,700  515,800  455,400  460,700  455,700  252,600  391,200  328,100  547,000  535,100  513,300  510,600  472,200  422,500  374,400  430,000 
Sales 2,375,200  2,320,100  2,065,200  2,216,300  2,254,700  2,283,200  2,224,000  2,187,700  2,224,000  2,298,900  2,259,000  2,155,700  2,216,600  2,203,100  2,121,900  1,980,100  1,882,500  2,463,000  2,434,400  2,271,200  2,355,800  2,449,400  2,470,200  2,414,500  2,560,800 
Profitability Ratio
Operating profit margin1 24.68% 25.27% 25.86% 25.74% 25.15% 24.04% 23.22% 22.53% 21.93% 22.01% 21.37% 18.68% 18.31% 17.44% 17.98% 20.56% 21.25% 22.11% 21.36% 20.10% 18.37% 17.17%
Benchmarks
Operating Profit Margin, Competitors2
Ecolab Inc. 11.84% 11.91% 12.49% 13.64% 13.51% 13.71% 13.29% 13.33% 13.27% 13.69% 14.31% 14.14% 14.60% 14.39% 14.54% 14.50% 14.56%
Linde plc 12.19% 10.90% 10.95% 10.91% 10.39% 20.45% 22.55% 27.61% 35.21% 21.99% 21.82% 21.52% 21.40% 21.67% 20.89% 21.07% 21.25%

Based on: 10-Q (filing date: 2021-02-04), 10-K (filing date: 2020-11-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30).

1 Q1 2021 Calculation
Operating profit margin = 100 × (Operating incomeQ1 2021 + Operating incomeQ4 2020 + Operating incomeQ3 2020 + Operating incomeQ2 2020) ÷ (SalesQ1 2021 + SalesQ4 2020 + SalesQ3 2020 + SalesQ2 2020)
= 100 × (539,100 + 560,200 + 539,200 + 577,200) ÷ (2,375,200 + 2,320,100 + 2,065,200 + 2,216,300) = 24.68%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Air Products & Chemicals Inc.’s operating profit margin ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Net Profit Margin

Air Products & Chemicals Inc., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to Air Products 482,000  486,800  446,500  477,800  475,600  503,200  488,000  421,300  347,500  452,900  473,900  416,400  154,600  468,700  101,900  2,130,000  299,800  394,000  346,800  (473,300) 363,600  344,500  318,800  290,000  324,600 
Sales 2,375,200  2,320,100  2,065,200  2,216,300  2,254,700  2,283,200  2,224,000  2,187,700  2,224,000  2,298,900  2,259,000  2,155,700  2,216,600  2,203,100  2,121,900  1,980,100  1,882,500  2,463,000  2,434,400  2,271,200  2,355,800  2,449,400  2,470,200  2,414,500  2,560,800 
Profitability Ratio
Net profit margin1 21.09% 21.30% 21.58% 21.66% 21.10% 19.73% 19.14% 18.90% 18.92% 16.77% 17.13% 13.13% 33.51% 36.65% 34.63% 36.19% 6.27% 6.63% 6.12% 5.80% 13.59% 12.91%
Benchmarks
Net Profit Margin, Competitors2
Ecolab Inc. -10.22% -8.21% -6.17% 10.32% 10.46% 10.27% 10.12% 10.05% 9.74% 10.99% 10.83% 10.62% 10.90% 9.67% 9.66% 9.47% 9.35%
Linde plc 9.18% 8.29% 8.37% 8.35% 8.09% 17.62% 19.48% 23.54% 29.40% 11.93% 11.68% 11.27% 10.90% 14.56% 14.10% 14.26% 14.24%

Based on: 10-Q (filing date: 2021-02-04), 10-K (filing date: 2020-11-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30).

1 Q1 2021 Calculation
Net profit margin = 100 × (Net income (loss) attributable to Air ProductsQ1 2021 + Net income (loss) attributable to Air ProductsQ4 2020 + Net income (loss) attributable to Air ProductsQ3 2020 + Net income (loss) attributable to Air ProductsQ2 2020) ÷ (SalesQ1 2021 + SalesQ4 2020 + SalesQ3 2020 + SalesQ2 2020)
= 100 × (482,000 + 486,800 + 446,500 + 477,800) ÷ (2,375,200 + 2,320,100 + 2,065,200 + 2,216,300) = 21.09%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Air Products & Chemicals Inc.’s net profit margin ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Return on Equity (ROE)

Air Products & Chemicals Inc., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to Air Products 482,000  486,800  446,500  477,800  475,600  503,200  488,000  421,300  347,500  452,900  473,900  416,400  154,600  468,700  101,900  2,130,000  299,800  394,000  346,800  (473,300) 363,600  344,500  318,800  290,000  324,600 
Total Air Products shareholders’ equity 12,683,600  12,079,800  11,659,300  11,371,900  11,556,000  11,053,600  11,386,100  11,165,700  10,882,900  10,857,500  10,486,000  10,580,800  10,215,300  10,086,200  9,412,400  9,317,400  7,161,500  7,079,600  7,045,400  6,916,600  7,367,100  7,249,000  7,586,000  7,332,500  7,351,500 
Profitability Ratio
ROE1 14.93% 15.62% 16.32% 17.10% 16.34% 15.92% 15.02% 15.19% 15.54% 13.80% 14.43% 10.79% 27.95% 29.75% 31.08% 34.03% 7.92% 8.91% 8.26% 8.00% 17.88% 17.63%
Benchmarks
ROE, Competitors2
Ecolab Inc. -19.54% -17.89% -14.65% 17.52% 17.95% 17.79% 18.18% 17.98% 17.86% 20.18% 19.83% 19.76% 19.80% 18.12% 18.65% 18.39% 17.82%
Linde plc 5.29% 4.86% 5.00% 5.23% 4.66% 9.71% 8.86% 8.67% 8.49% 23.04% 23.13% 20.73% 20.72% 25.90% 26.52% 27.73% 29.87%

Based on: 10-Q (filing date: 2021-02-04), 10-K (filing date: 2020-11-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30).

1 Q1 2021 Calculation
ROE = 100 × (Net income (loss) attributable to Air ProductsQ1 2021 + Net income (loss) attributable to Air ProductsQ4 2020 + Net income (loss) attributable to Air ProductsQ3 2020 + Net income (loss) attributable to Air ProductsQ2 2020) ÷ Total Air Products shareholders’ equity
= 100 × (482,000 + 486,800 + 446,500 + 477,800) ÷ 12,683,600 = 14.93%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Air Products & Chemicals Inc.’s ROE deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Return on Assets (ROA)

Air Products & Chemicals Inc., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to Air Products 482,000  486,800  446,500  477,800  475,600  503,200  488,000  421,300  347,500  452,900  473,900  416,400  154,600  468,700  101,900  2,130,000  299,800  394,000  346,800  (473,300) 363,600  344,500  318,800  290,000  324,600 
Total assets 26,088,100  25,168,500  24,782,100  19,501,200  19,651,600  18,942,800  19,531,900  19,244,500  19,142,000  19,178,300  19,206,000  18,511,100  18,208,800  18,467,200  17,853,800  17,871,500  15,956,200  18,055,300  17,083,500  16,810,800  17,260,300  17,438,100  17,671,500  17,493,800  17,635,400 
Profitability Ratio
ROA1 7.26% 7.50% 7.68% 9.97% 9.61% 9.29% 8.75% 8.81% 8.83% 7.81% 7.88% 6.17% 15.68% 16.25% 16.39% 17.74% 3.56% 3.50% 3.40% 3.29% 7.63% 7.33%
Benchmarks
ROA, Competitors2
Ecolab Inc. -6.65% -5.94% -4.74% 6.92% 7.47% 7.32% 7.18% 7.06% 7.12% 8.01% 7.80% 7.44% 7.56% 6.59% 6.61% 6.51% 6.71%
Linde plc 2.83% 2.57% 2.65% 2.77% 2.64% 5.63% 5.14% 4.84% 4.69% 7.19% 7.03% 6.41% 6.10% 7.95% 7.71% 7.80% 7.76%

Based on: 10-Q (filing date: 2021-02-04), 10-K (filing date: 2020-11-19), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30).

1 Q1 2021 Calculation
ROA = 100 × (Net income (loss) attributable to Air ProductsQ1 2021 + Net income (loss) attributable to Air ProductsQ4 2020 + Net income (loss) attributable to Air ProductsQ3 2020 + Net income (loss) attributable to Air ProductsQ2 2020) ÷ Total assets
= 100 × (482,000 + 486,800 + 446,500 + 477,800) ÷ 26,088,100 = 7.26%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Air Products & Chemicals Inc.’s ROA deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.