Return on Assets (ROA)
since 2005
Calculation
DuPont de Nemours Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to DuPont1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 0.72% | = | 100 | × | 498) | ÷ | 69,396) |
| Dec 31, 2018 | 2.04% | = | 100 | × | 3,844) | ÷ | 188,030) |
| Dec 31, 2017 | 0.76% | = | 100 | × | 1,460) | ÷ | 192,164) |
| Dec 31, 2016 | 5.43% | = | 100 | × | 4,318) | ÷ | 79,511) |
| Dec 31, 2015 | 11.30% | = | 100 | × | 7,685) | ÷ | 68,026) |
| Dec 31, 2014 | 5.48% | = | 100 | × | 3,772) | ÷ | 68,796) |
| Dec 31, 2013 | 6.89% | = | 100 | × | 4,787) | ÷ | 69,501) |
| Dec 31, 2012 | 1.70% | = | 100 | × | 1,182) | ÷ | 69,605) |
| Dec 31, 2011 | 3.96% | = | 100 | × | 2,742) | ÷ | 69,224) |
| Dec 31, 2010 | 3.32% | = | 100 | × | 2,310) | ÷ | 69,588) |
| Dec 31, 2009 | 0.98% | = | 100 | × | 648) | ÷ | 65,937) |
| Dec 31, 2008 | 1.27% | = | 100 | × | 579) | ÷ | 45,474) |
| Dec 31, 2007 | 5.92% | = | 100 | × | 2,887) | ÷ | 48,801) |
| Dec 31, 2006 | 8.17% | = | 100 | × | 3,724) | ÷ | 45,581) |
| Dec 31, 2005 | 9.83% | = | 100 | × | 4,515) | ÷ | 45,934) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The Return on Assets (ROA) for the period between 2005 and 2019 exhibited significant volatility, characterized by a general decline from early peaks, a mid-period recovery, and a sharp compression associated with massive fluctuations in the asset base.
- Initial Decline and Early Recovery (2005–2011)
- A consistent downward trend in ROA is observed from 2005 to 2009, falling from 9.83% to a period low of 0.98%. This decline aligns with a reduction in net income, which dropped from 4.51 billion USD to 648 million USD. A partial recovery followed between 2010 and 2011, with ROA increasing to 3.96% as net income rebounded to 2.74 billion USD.
- Peak Efficiency Cycle (2012–2015)
- Following a brief dip to 1.70% in 2012, the company experienced a period of strong performance. ROA climbed steadily, reaching a peak of 11.30% in 2015. This peak was driven by a substantial increase in net income, which reached 7.68 billion USD, while the total asset base remained relatively stable at approximately 68 billion USD.
- Asset Expansion and Ratio Compression (2016–2018)
- A sharp deterioration in ROA occurred starting in 2016, falling to 0.76% by 2017. This decline was primarily precipitated by a dramatic expansion of the total asset base, which surged from 68.02 billion USD in 2014 to 192.16 billion USD in 2017. The massive increase in assets significantly diluted the ROA, despite net income remaining in the billions. A slight recovery to 2.04% was noted in 2018.
- Terminal Performance Decline (2019)
- In 2019, ROA fell to 0.72%, the lowest level in the analyzed timeframe. Although the total asset base contracted sharply back to 69.39 billion USD, this was offset by a severe decline in net income, which dropped to 498 million USD, resulting in minimal asset productivity.
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Comparison to Competitors
DuPont de Nemours Inc., ROA, long-term trends, comparison to competitors
| DuPont de Nemours Inc. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Dec 31, 2019 | 0.72% | 2.64% | 7.52% |
| Dec 31, 2018 | 2.04% | 4.69% | 5.79% |
| Dec 31, 2017 | 0.76% | 6.10% | 8.88% |
| Dec 31, 2016 | 5.43% | 7.76% | 16.77% |
| Dec 31, 2015 | 11.30% | 8.44% | 18.20% |
| Dec 31, 2014 | 5.48% | 8.55% | 15.17% |
| Dec 31, 2013 | 6.89% | 8.66% | 11.79% |
| Dec 31, 2012 | 1.70% | 9.35% | 10.12% |
| Dec 31, 2011 | 3.96% | 10.22% | 8.45% |
| Dec 31, 2010 | 3.32% | 7.82% | 8.95% |
| Dec 31, 2009 | 0.98% | 8.76% | 10.08% |
| Dec 31, 2008 | 1.27% | 9.28% | 10.80% |
| Dec 31, 2007 | 5.92% | 8.80% | 12.68% |
| Dec 31, 2006 | 8.17% | 8.90% | 11.53% |
| Dec 31, 2005 | 9.83% | 6.92% | 10.60% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Chemicals)
DuPont de Nemours Inc., ROA, long-term trends, comparison to sector (chemicals)
| DuPont de Nemours Inc. | Chemicals | |
|---|---|---|
| Dec 31, 2019 | 0.72% | 3.57% |
| Dec 31, 2018 | 2.04% | 4.88% |
| Dec 31, 2017 | 0.76% | 7.47% |
| Dec 31, 2016 | 5.43% | 10.09% |
| Dec 31, 2015 | 11.30% | 10.79% |
| Dec 31, 2014 | 5.48% | 10.04% |
| Dec 31, 2013 | 6.89% | 9.41% |
| Dec 31, 2012 | 1.70% | 9.55% |
| Dec 31, 2011 | 3.96% | 9.79% |
| Dec 31, 2010 | 3.32% | 8.11% |
| Dec 31, 2009 | 0.98% | 9.07% |
| Dec 31, 2008 | 1.27% | 9.66% |
| Dec 31, 2007 | 5.92% | 9.83% |
| Dec 31, 2006 | 8.17% | 9.72% |
| Dec 31, 2005 | 9.83% | 8.00% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
DuPont de Nemours Inc., ROA, long-term trends, comparison to industry (materials)
| DuPont de Nemours Inc. | Materials | |
|---|---|---|
| Dec 31, 2019 | 0.72% | 2.43% |
| Dec 31, 2018 | 2.04% | 5.23% |
| Dec 31, 2017 | 0.76% | 6.22% |
| Dec 31, 2016 | 5.43% | -2.40% |
| Dec 31, 2015 | 11.30% | -13.63% |
| Dec 31, 2014 | 5.48% | 1.48% |
| Dec 31, 2013 | 6.89% | 5.73% |
| Dec 31, 2012 | 1.70% | 8.98% |
| Dec 31, 2011 | 3.96% | 12.44% |
| Dec 31, 2010 | 3.32% | 12.03% |
| Dec 31, 2009 | 0.98% | 9.94% |
| Dec 31, 2008 | 1.27% | -22.98% |
| Dec 31, 2007 | 5.92% | 8.10% |
| Dec 31, 2006 | 8.17% | 14.06% |
| Dec 31, 2005 | 9.83% | 10.70% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).