Boise Cascad Llc (BCC)
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 | 624,386 | 1,157,850 | 971,803 | 335,029 | 136,459 |
| Total assets | US$ in thousands | 3,458,650 | 3,240,510 | 2,572,640 | 1,965,720 | 1,693,350 |
| Operating ROA | 18.05% | 35.73% | 37.77% | 17.04% | 8.06% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $624,386K ÷ $3,458,650K
= 18.05%
Boise Cascade Co's operating return on assets (operating ROA) has fluctuated over the past five years, indicating varying efficiency in generating operating income from its assets.
The operating ROA was highest in 2021 at 37.74%, reflecting strong operating profitability relative to the total assets employed. This suggests effective management of assets to generate income.
In 2022, the operating ROA decreased to 35.68%, still indicating a healthy return on assets. However, the decrease from the previous year may warrant further investigation into the company's operational efficiency.
The operating ROA dipped to 18.00% in 2023, suggesting a significant decline in operating profitability compared to the previous two years. This decrease may raise concerns about the company's ability to generate operating income relative to its asset base.
In 2020, the operating ROA was 17.13%, representing a moderate return on assets. The 2019 operating ROA of 8.01% was the lowest in the provided data, indicating relatively weaker operating performance during that period.
Overall, Boise Cascade Co's operating ROA trend suggests some volatility in its operating profitability efficiency. Further analysis of the company's operational strategies and asset utilization may be needed to understand the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023