Barnes Group Inc (B)
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 | 89,000 | 83,421 | 103,467 | 49,271 | 57,100 | 68,330 | 82,003 | 148,733 | 150,000 | 147,360 | 134,894 | 106,466 | 123,399 | 151,927 | 188,269 | 235,111 | 236,447 | 227,416 | 218,894 | 225,816 |
| Total assets | US$ in thousands | 3,308,010 | 3,277,330 | 2,440,680 | 2,444,370 | 2,413,700 | 2,311,050 | 2,401,100 | 2,555,360 | 2,576,800 | 2,586,590 | 2,626,870 | 2,600,260 | 2,676,200 | 2,610,120 | 2,588,500 | 2,667,600 | 2,738,300 | 2,707,910 | 2,795,240 | 2,799,680 |
| Operating ROA | 2.69% | 2.55% | 4.24% | 2.02% | 2.37% | 2.96% | 3.42% | 5.82% | 5.82% | 5.70% | 5.14% | 4.09% | 4.61% | 5.82% | 7.27% | 8.81% | 8.63% | 8.40% | 7.83% | 8.07% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $89,000K ÷ $3,308,010K
= 2.69%
The operating return on assets (operating ROA) of Barnes Group Inc. has shown a decreasing trend over the past eight quarters. In Q4 2023, the operating ROA was 2.69%, which was lower than the previous quarter's 2.55%. This decline follows a pattern of decreasing performance since Q2 2022 when the operating ROA peaked at 6.26%.
The decreasing trend in operating ROA suggests that Barnes Group Inc. may be facing challenges in generating operating income relative to its total assets. A declining operating ROA could indicate inefficiencies in the utilization of assets or declining profitability from operations.
Management should closely monitor the key drivers impacting the operating ROA, such as operational efficiency, asset utilization, and profitability. Taking corrective actions to improve performance in these areas could help boost the operating ROA and enhance overall financial health and efficiency of the company.
Peer comparison
Dec 31, 2023