Ametek Inc (AME)
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 | 1,707,460 | 1,500,690 | 1,308,670 | 1,027,880 | 1,177,380 |
| Total assets | US$ in thousands | 15,023,500 | 12,431,100 | 11,898,200 | 10,357,500 | 9,844,560 |
| Operating ROA | 11.37% | 12.07% | 11.00% | 9.92% | 11.96% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,707,460K ÷ $15,023,500K
= 11.37%
The operating return on assets (operating ROA) for Ametek Inc has shown a fluctuating trend over the past five years. In 2023, the operating ROA decreased to 11.37% from 12.07% in 2022. Despite this decrease, the company's operating ROA remained relatively strong compared to 2020 and 2019.
The peak operating ROA of 12.07% in 2022 indicates that the company efficiently utilized its assets to generate operating income compared to other years. However, the slight decline in 2023 may suggest a potential decrease in efficiency in utilizing its assets to generate operating profits.
Overall, the operating ROA for Ametek Inc has shown variations over the years, and continuous monitoring of this ratio is essential to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023