Aptiv PLC (APTV)
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 | 1,559,000 | 1,263,000 | 1,189,000 | 2,118,000 | 1,276,000 |
| Total assets | US$ in thousands | 24,427,000 | 21,884,000 | 18,007,000 | 17,522,000 | 13,459,000 |
| Operating ROA | 6.38% | 5.77% | 6.60% | 12.09% | 9.48% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,559,000K ÷ $24,427,000K
= 6.38%
The operating return on assets (operating ROA) for Aptiv PLC has fluctuated over the past five years, ranging from 4.68% in 2020 to 10.58% in 2019. In 2023, the operating ROA was 7.25%, showing an improvement compared to the previous year's 6.16%. This indicates that the company generated a higher operating profit relative to its total assets in 2023.
The trend of operating ROA from 2019 to 2020 suggests a significant decline in performance, but the subsequent years demonstrate a gradual recovery. The 10.58% operating ROA in 2019 was notably higher than the other years, indicating a more efficient utilization of assets to generate operating income.
Overall, Aptiv PLC's operating ROA performance has shown variability over the years, potentially influenced by factors such as operational efficiency, asset management, and economic conditions. Monitoring this ratio over time can provide insights into the company's operational effectiveness and financial health.
Peer comparison
Dec 31, 2023