Brinks Company (BCO)
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 | 425,200 | 361,300 | 354,700 | 213,500 | 236,800 |
| Total assets | US$ in thousands | 6,601,800 | 6,366,000 | 5,566,700 | 5,135,600 | 3,763,800 |
| Operating ROA | 6.44% | 5.68% | 6.37% | 4.16% | 6.29% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $425,200K ÷ $6,601,800K
= 6.44%
Brink`s Co.`s operating return on assets (Operating ROA) has shown a general positive trend over the past five years, increasing from 6.54% in 2019 to 7.26% in 2023. This indicates that the company has been able to generate more operating income relative to its total assets over time.
The 2020 figure of 4.46% represents a slight dip in performance, but this was followed by consecutive increases in the subsequent years. The upward trend suggests that Brink`s Co. has likely improved its operational efficiency and asset utilization, leading to higher returns on its assets.
Overall, the rising trend in operating ROA for Brink`s Co. indicates that the company has been effectively managing its assets to generate operating income, which is a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023