Stock Analysis on Net
Stock Analysis on Net

Ecolab Inc. (NYSE:ECL)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 25, 2022.

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Ecolab Inc., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income (loss) attributable to Ecolab1 ÷ Total assets1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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 thousands

Net Income Trends
The net income attributable to the entity exhibits a general upward trend from 2005 through 2019, increasing from approximately 319 million USD to around 1.56 billion USD. Notable growth is observed between 2008 and 2014, where income nearly triples. However, a significant deviation occurs in 2020 when net income turns negative, with a loss of about 1.21 billion USD, indicating a substantial financial setback. Following this loss, net income recovers to positive territory in 2021, reaching approximately 1.13 billion USD, though still below the 2019 peak.
Total Assets Evolution
Total assets show a progressive increase over the period, starting at roughly 3.80 billion USD in 2005 and climbing to over 21.20 billion USD by 2021. A remarkable spike occurs between 2010 and 2011, where total assets surge from 4.87 billion USD to approximately 18.24 billion USD, suggesting major acquisitions or significant investments. After this increase, total assets stabilize around the 19 to 21 billion USD range with slight fluctuations, including a decrease in 2020 correlating with the net income loss observed that year.
Return on Assets (ROA) Analysis
ROA generally reflects profitability relative to asset base and fluctuates over the timeframe. Early years display steady ROA values ranging between 8.3% and 10.9% through 2010. There is a marked drop after 2010, with ROA declining sharply to 2.54% in 2011 and remaining relatively low until gradual improvement is observed from 2014 onward. The 2020 financial loss corresponds to a negative ROA of -6.65%, signaling inefficient asset utilization during that period. A partial recovery occurs in 2021, with ROA returning to a positive 5.33%, yet it remains below the earlier high-performance levels.
Overall Observations
The financial data reveals sustained growth in income and assets across much of the period, punctuated by a significant disruption in 2020. The dramatic asset increase in 2011 may have contributed to the profit and ROA volatility following that year. The 2020 downturn represents a critical outlier characterized by a large net loss and negative returns, possibly due to extraordinary events affecting operations or market conditions. The subsequent recovery in 2021 suggests a rebound, though profitability and efficiency ratios have not fully returned to pre-2020 peak levels.

Comparison to Competitors

Ecolab Inc., ROA, long-term trends, comparison to competitors

Microsoft Excel
Ecolab Inc. Linde plc Sherwin-Williams Co.
Dec 31, 2021
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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)

Ecolab Inc., ROA, long-term trends, comparison to sector (chemicals)

Microsoft Excel
Ecolab Inc. Chemicals
Dec 31, 2021
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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)

Ecolab Inc., ROA, long-term trends, comparison to industry (materials)

Microsoft Excel
Ecolab Inc. Materials
Dec 31, 2021
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Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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).