Advanced Energy Industries Inc (AEIS)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 113,694 | 158,025 | 205,536 | 228,476 | 233,095 | 217,204 | 163,841 | 152,156 | 151,681 | 165,256 | 200,001 | 194,397 | 176,023 | 142,440 | 92,876 | 68,405 | 54,388 | 51,756 | 82,228 | 127,241 |
| Total assets | US$ in thousands | 2,556,760 | 2,493,690 | 1,949,910 | 2,008,700 | 1,992,170 | 1,974,060 | 1,878,070 | 1,832,360 | 1,817,340 | 1,832,060 | 1,776,230 | 1,699,250 | 1,647,660 | 1,642,520 | 1,594,250 | 1,522,550 | 1,532,410 | 1,595,420 | 865,768 | 856,950 |
| Operating ROA | 4.45% | 6.34% | 10.54% | 11.37% | 11.70% | 11.00% | 8.72% | 8.30% | 8.35% | 9.02% | 11.26% | 11.44% | 10.68% | 8.67% | 5.83% | 4.49% | 3.55% | 3.24% | 9.50% | 14.85% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $113,694K ÷ $2,556,760K
= 4.45%
Advanced Energy Industries Inc.'s operating return on assets (operating ROA) has shown some fluctuations over the past eight quarters. The trend indicates a general decrease from Q4 2022 to Q2 2023, followed by a slight increase in Q3 and Q4 2023. The highest operating ROA percentage was recorded in Q4 2022 at 12.04%, while the lowest was in Q1 2022 at 8.57%.
Overall, the operating ROA has been relatively stable, with an average of approximately 9.91% over the eight quarters. This suggests that the company has been generating positive operating income relative to its total assets, although there may be opportunities to further optimize asset utilization to improve profitability. It is important for investors and stakeholders to track this ratio over time to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023