AptarGroup Inc (ATR)
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 | 404,019 | 379,273 | 347,348 | 339,498 | 371,693 |
| Total assets | US$ in thousands | 4,451,890 | 4,203,460 | 4,141,360 | 3,990,050 | 3,562,120 |
| Operating ROA | 9.08% | 9.02% | 8.39% | 8.51% | 10.43% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $404,019K ÷ $4,451,890K
= 9.08%
Aptargroup Inc.'s operating return on assets (ROA) has shown a fluctuating trend over the past five years. The operating ROA was 10.09% as of December 31, 2023, compared to 9.18% in 2022, 8.95% in 2021, 9.17% in 2020, and 11.01% in 2019.
The operating ROA measures the company's ability to generate operating income from its assets. Aptargroup Inc.'s operating ROA indicates that for every dollar of assets the company owns, it generated operating profits of 10.09% in 2023.
The fluctuation in the operating ROA over the years could be attributed to changes in the company's operating income and asset base. It is essential for Aptargroup to monitor and manage its assets efficiently to optimize returns and ensure sustainable profitability in the long run.
Peer comparison
Dec 31, 2023