ADEIA CORP (ADEA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 136,230 | 153,060 | 119,028 | 267,455 |
| Total assets | US$ in thousands | 1,105,560 | 1,210,530 | 2,470,020 | 2,701,180 |
| Operating ROA | 12.32% | 12.64% | 4.82% | 9.90% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $136,230K ÷ $1,105,560K
= 12.32%
ADEIA CORP's operating return on assets (operating ROA) has fluctuated over the past four years, ranging from 4.82% in 2021 to 12.64% in 2022. In 2023, the operating ROA stands at 12.32%, indicating a slight decrease from the previous year. This ratio measures the company's ability to generate operating profits from its assets. A higher operating ROA suggests that the company is utilizing its assets efficiently to generate operating income. Despite the fluctuations, ADEIA CORP has generally maintained a strong operating ROA, indicating effective asset utilization in its operations. Further analysis of the underlying factors driving these fluctuations may provide insights into the company's operational performance and efficiency.
Peer comparison
Dec 31, 2023