Advanced Energy Industries Inc (AEIS)
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 | 113,694 | 233,095 | 151,681 | 176,023 | 54,388 |
| Total assets | US$ in thousands | 2,556,760 | 1,992,170 | 1,817,340 | 1,647,660 | 1,532,410 |
| Operating ROA | 4.45% | 11.70% | 8.35% | 10.68% | 3.55% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $113,694K ÷ $2,556,760K
= 4.45%
The operating return on assets (operating ROA) for Advanced Energy Industries Inc. has fluctuated over the past five years. In 2023, the operating ROA was 5.50%, a decrease from the previous year's 12.04%. This decline indicates a less efficient utilization of assets to generate operating profit compared to the prior period.
Looking further back, in 2021, the operating ROA was 8.61%, showing a moderate level of profitability relative to the company's asset base. The highest operating ROA of the past five years was in 2022 at 12.04%, suggesting a strong performance in generating operating income from its assets.
In 2020, Advanced Energy Industries Inc. achieved an operating ROA of 11.48%, indicating a robust profitability level compared to the asset investment. Conversely, in 2019, the operating ROA stood at 3.88%, the lowest among the five years, signifying a relatively lower efficiency in generating operating income from its asset base.
Overall, the trend in operating ROA for Advanced Energy Industries Inc. fluctuates, with varying levels of profitability efficiency in utilizing its assets to generate operating income over the past five years.
Peer comparison
Dec 31, 2023