Allegheny Technologies Incorporated (ATI)
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 | 466,400 | 466,800 | 454,800 | 322,900 | 287,300 | 245,800 | 162,500 | 162,800 | 117,600 | -1,037,700 | -1,077,200 | -1,339,300 | -1,302,700 | -115,900 | -11,800 | 371,600 | 366,300 | 342,300 | 342,700 | 343,700 |
| Total assets | US$ in thousands | 4,985,100 | 4,731,100 | 4,434,700 | 4,287,300 | 4,445,600 | 4,287,800 | 4,229,400 | 4,236,100 | 4,285,200 | 4,626,500 | 3,974,000 | 4,068,500 | 4,034,900 | 5,063,900 | 5,169,400 | 5,807,100 | 5,634,600 | 5,628,900 | 5,549,300 | 5,491,000 |
| Operating ROA | 9.36% | 9.87% | 10.26% | 7.53% | 6.46% | 5.73% | 3.84% | 3.84% | 2.74% | -22.43% | -27.11% | -32.92% | -32.29% | -2.29% | -0.23% | 6.40% | 6.50% | 6.08% | 6.18% | 6.26% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $466,400K ÷ $4,985,100K
= 9.36%
ATI Inc's operating return on assets (operating ROA) has shown a positive trend over the past eight quarters, steadily increasing from 3.98% in Q1 2022 to 10.28% in Q2 2023. This indicates that the company has been more efficient in generating operating income relative to its total assets. The consistent improvement in operating ROA reflects well on the company's operational efficiency and management of its assets. Higher operating ROA values suggest that ATI Inc has been able to generate more income from its core operations for each dollar of assets employed, indicating better profitability and potentially better overall financial performance.