In an exciting announcement, Axalta Coating Systems Ltd revealed that the vibrant and captivating shade known as Starry Night has been chosen as the Global Automotive Color of the Year for 2024. This dynamic black hue is set to evoke the depths of our universe and the wonders of space exploration.
Despite the challenges faced by the company in the third quarter of 2023, Axalta managed to achieve a return on average invested assets (ROI) of 4.28%, surpassing its average return on investment of 3.24%. This improvement in ROI can be attributed to the growth in net income.
Within the Basic Materials sector, Axalta may still have some ground to cover, as there are 142 other companies with higher returns on investment. However, the company’s overall ranking in terms of ROI has made progress in the September 30, 2023 quarter, reaching 1433 from its previous ranking of 1489 in the second quarter of 2023.
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