AptarGroup Inc (ATR)
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 | 404,019 | 405,028 | 380,891 | 365,505 | 379,273 | 381,494 | 369,232 | 352,464 | 347,348 | 341,440 | 357,554 | 343,629 | 339,498 | 332,465 | 323,673 | 363,059 | 371,693 | 353,465 | 324,333 | 295,407 |
| Total assets | US$ in thousands | 4,451,890 | 4,298,220 | 4,347,710 | 4,302,800 | 4,203,460 | 4,026,470 | 4,258,110 | 4,407,450 | 4,141,360 | 4,131,480 | 4,110,100 | 3,992,640 | 3,990,050 | 3,861,750 | 3,814,020 | 3,776,550 | 3,562,120 | 3,465,140 | 3,588,720 | 3,415,630 |
| Operating ROA | 9.08% | 9.42% | 8.76% | 8.49% | 9.02% | 9.47% | 8.67% | 8.00% | 8.39% | 8.26% | 8.70% | 8.61% | 8.51% | 8.61% | 8.49% | 9.61% | 10.43% | 10.20% | 9.04% | 8.65% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $404,019K ÷ $4,451,890K
= 9.08%
Operating return on assets (operating ROA) measures a company's ability to generate operating income from its assets. Aptargroup Inc.'s operating ROA has shown fluctuations over the past eight quarters. The trend indicates a general improvement from Q1 2022 to Q4 2023, with the operating ROA range varying from 8.45% to 10.09%.
The highest operating ROA was observed in Q4 2023 at 10.09%, showcasing the company's efficient use of assets to generate operating income. This signifies that Aptargroup Inc. was able to generate $0.1009 in operating income for every dollar of assets in that quarter.
Overall, the increasing trend in operating ROA over the quarters reflects positively on Aptargroup Inc.'s operational efficiency and asset utilization. It suggests that the company has been effectively managing its assets to boost operating performance and enhance profitability. Comparing the quarterly figures can provide insights into the company's operational effectiveness and potential future performance in terms of profitability and asset utilization.
Peer comparison
Dec 31, 2023