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Torm Plc  (NASDAQ: TRMD)
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Torm Plc's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

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


What is Torm Plc's ROA in the fourth quarter of 2023?
Torm Plc achieved a return on average assets (ROA) of 93 % in its fourth quarter of 2023, this is above TRMD's average return on assets of 22.05%.
Torm Plc assets over the 12 months ending in its fourth quarter of 2023 are valued at $697 million

ROA has improved compared to 47.86% in the third quarter of 2023, due to net income growth.

However, within the Transportation sector 5 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the third quarter of 2023 from to 163.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter		 0
III. Quarter		 0
II. Quarter		 0
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change -73.32 % -73.32 % -73.32 % -73.32 % 12.02 %
Y / Y Net Income Change 15.18 % - - - -
Net Income (TTM) in million 648 563 563 563 563
Return On Assets (TTM) 93 % 47.86 % 34.01 % 26.38 % 21.54 %
TRMD's Total Ranking # 163 # # # # 260
Total Assets (TTM) in million 697 697 697 697 2,611
Seq. Total Assets Change 0 % 0 % 0 % -73.32 % 0 %
Seq. Net Income Change - - - - -

TRMD's 5 Years Annual ROA >> Back to TRMD Management Effectiveness >> Compare TRMD ROA to its Competitors


Return On Assets Company Ranking
Within: No.
Industry # 4
Sector # 6
Overall # 160

Return On Assets Statistics
High Average Low
22.58 %
22.05 %
21.52 %
(Dec 31 2023)   (Dec 31 2022)





Financial Statements
Torm Plc's Assets $ 697 million TRMD's Balance sheet
Torm Plc's Income $ 648 million Quarterly TRMD's Income Statement
TRMD's Income by Division See TRMD's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023		 (Dec 31 2022)
FY 2022		 (Dec 31 2021)
FY 2021		 (Dec 31 2019)
FY 2019		 (Dec 31 2018)
FY 2018
Y / Y Total Assets Change -73.32 % 12.02 % 16.32 % 16.89 % 4.12 %
Total Assets in million 697 2,611 2,331 2,004 1,714
Y / Y Net Income Change 15.18 % - - - -
Net Income in million 648 563 0 0 0
Annual Return On Assets 93 % 21.54 % 0 % 0 % 0 %

TRMD's 5 Years Annual ROA >> Back to TRMD Management Effectiveness >> Compare TRMD ROA to its Competitors



Comment on TRMD's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA improved to 93 % compared to prior year, due to annual net income growth of 15.18 % to $647.97 million, and due to decline of value in Torm Plc's assets by -73.32 % to $696.73 million, compared to $696.73 a year before.


More Return On Assets Ratios
TRMD's' Return on Assets at Yahoo Finance
Marine Transportation Industry Return On Assets Trends and Statistics
Transportation Sector Roa Statistics
Roa Trends for overall market
TRMD's Roa Ratio versus Marine Transportation Industry, Transportation Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for TRMD's Competitors
Roa for Torm Plc's Suppliers
Return On Assets for TRMD's Customers

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



Companies with similar Return On Assets at Dec 31 2023, within Transportation Sector ROA
Toro Corp   46.02 %
Saker Aviation Services Inc   28.42 %
Euroseas Ltd   26.97 %
Euronav Nv  25.09 %
Old Dominion Freight Line Inc   23.90 %
Teekay Corporation Ltd   23.56 %
Torm Plc  22.58 %
Central North Airport Group  19.89 %
Performance Shipping Inc   19.85 %
Imperial Petroleum Inc   18.88 %

Date modified: 2024-03-08T12:52:29+00:00


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