Arcosa Inc (ACA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 217,300 | 349,000 | 107,300 | 151,800 | 152,900 |
| Total assets | US$ in thousands | 3,577,900 | 3,340,600 | 3,188,100 | 2,646,700 | 2,302,500 |
| Operating ROA | 6.07% | 10.45% | 3.37% | 5.74% | 6.64% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $217,300K ÷ $3,577,900K
= 6.07%
Arcosa Inc's operating return on assets (operating ROA) has shown fluctuations over the past five years. The operating ROA was 5.11% as of December 31, 2023, compared to 4.79% in 2022, indicating an improvement in the company's profitability efficiency in generating operating income from its assets.
However, the operating ROA was lower in 2023 compared to the levels observed in 2020 and 2019, at 6.00% and 6.64%, respectively. This suggests a potential decrease in the company's operating performance and ability to generate profits from its assets compared to those prior years.
Furthermore, the operating ROA in 2021 was 3.46%, representing a significant decrease from the previous year. This decline could indicate challenges or inefficiencies in the company's operations during that particular period.
Overall, Arcosa Inc's operating ROA has varied over the past five years, reflecting fluctuations in the company's profitability and efficiency in utilizing its assets to generate operating income. Further analysis and consideration of the company's operating strategies and market conditions may provide insights into these trends and help assess Arcosa Inc's overall financial performance.
Peer comparison
Dec 31, 2023