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Novelis Inc   (NVLCN)
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Novelis Inc 's ROA from the third quarter of 2024 to the third quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Novelis Inc 's ROA in the third quarter of 2024?
Novelis Inc achieved a return on average assets (ROA) of 4.14 % in its third quarter of 2024, which is below Novelis Inc 's average return on assets, which stands at 4.4%.

Despite the company's net income deteriorating, Novelis Inc was able to improve its ROA compared to the second quarter of 2024.

However, within the Basic Materials sector 99 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 982, from total ROA ranking in the second quarter of 2024 at 1511.

What is ROA?


Return On Assets (Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Total Assets Change 0.55 % -3.85 % -6.24 % -4.97 % 0.32 %
Y / Y Net Income Change 908.33 % -14.21 % -49.02 % -27.78 % -95.42 %
Net Income (TTM) in million 590 481 507 657 717
Return On Assets (TTM) 4.14 % 3.38 % 3.53 % 4.5 % 4.85 %
NVLCN's Total Ranking # 982 # 1511 # 1514 # # 1563
Total Assets (TTM) in million 14,186 14,181 14,434 14,195 14,108
Seq. Total Assets Change 0.04 % -1.75 % 1.68 % 0.62 % -4.35 %
Seq. Net Income Change -22.93 % 0.64 % 0 % 1200 % -93.44 %



Return On Assets Company Ranking
Within: No.
Industry # 21
Sector # 100
Overall # 981

Return On Assets Statistics
High Average Low
7 %
4.4 %
-0.43 %
(Jun 30 2018)  





Financial Statements
Novelis Inc 's Assets $ 14,186 million NVLCN's Balance sheet
Novelis Inc 's Income $ 121 million Quarterly NVLCN's Income Statement
NVLCN's Income by Division See NVLCN's Income by Division



Annual Return On Assets (Mar 31 2023)
FY 2023
(Mar 31 2022)
FY 2022
(Mar 31 2021)
FY 2021
(Mar 31 2020)
FY 2020
(Mar 31 2019)
FY 2019
Y / Y Total Assets Change -4.97 % 17.12 % 16.06 % 14.91 % 0.66 %
Total Assets in million 14,195 14,937 12,754 10,989 9,563
Y / Y Net Income Change -31.2 % 302.95 % -43.57 % -3.23 % -30.23 %
Net Income in million 657 955 237 420 434
Return On Assets 4.63 % 6.39 % 1.86 % 3.82 % 4.54 %




Comment on NVLCN's ROA in the fiscal year ending 2023
In the fiscal year 2023 Novelis Inc 's ROA decreased compared to previous year to 4.63 %, due to deterioration of net income -31.2 % to $657.00 million, from $955.00 million a year ago, as NVLCN's assets were $14,195.00 million.


More Return On Assets Ratios
NVLCN's' Return on Assets at Yahoo Finance
Miscellaneous Fabricated Products Industry Return On Assets Trends and Statistics
Basic Materials Sector Roa Statistics
Roa Trends for overall market
NVLCN's Roa Ratio versus Miscellaneous Fabricated Products Industry, Basic Materials Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for NVLCN's Competitors
Roa for Novelis Inc 's Suppliers
Return On Assets for NVLCN's Customers

You may also want to know
NVLCN's Roi NVLCN's Inventory Turnover Ratio NVLCN's Growth Rates NVLCN's Dividend Comparisons
NVLCN's Profitability Ratios NVLCN's Asset Turnover Ratio NVLCN's Dividend Growth
NVLCN's Roe NVLCN's Valuation Ratios NVLCN's Financial Strength Ratios NVLCN's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Basic Materials Sector ROA
Fmc Corporation  11.35 %
Boise Cascade Company  11.13 %
Franklin Electric Co Inc   11.03 %
Janus International Group Inc   10.48 %
Quanex Building Products Corporation  10.48 %
Futurefuel Corp   10.38 %
Comstock Inc   10.24 %
Kimberly clark Corporation  10.07 %
Rio Tinto Plc  9.61 %
Csw Industrials Inc   9.57 %
Core Molding Technologies Inc   9.55 %
Unilever Plc  9.49 %
Weatherford International Plc  9.30 %
Ati Inc   9.19 %
Albemarle Corporation  9.05 %
Sylvamo Corporation  8.97 %
Gibraltar Industries Inc   8.86 %
Parker hannifin Corporation  8.79 %
Friedman Industries Inc  8.68 %
Solaris Oilfield Infrastructure inc   8.14 %
Linde Plc  7.98 %
Commercial Metals Company  7.92 %
Louisiana pacific Corporation  7.59 %
Rpm International Inc   7.58 %
Celanese Corporation  7.56 %
Howmet Aerospace Inc   7.44 %
Freeport mcmoran Inc   7.28 %
U s Silica Holdings Inc   7.02 %
Royal Gold inc  7.02 %
Nexgen Energy Ltd   6.97 %


Date modified: 2024-02-12T17:02:59+00:00


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