Balchem Corporation (BCPC)
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 | 159,193 | 145,186 | 127,502 | 111,147 | 102,553 |
| Total assets | US$ in thousands | 1,597,210 | 1,624,510 | 1,199,320 | 1,165,840 | 1,155,680 |
| Operating ROA | 9.97% | 8.94% | 10.63% | 9.53% | 8.87% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $159,193K ÷ $1,597,210K
= 9.97%
The operating return on assets (operating ROA) for Balchem Corp over the past five years has fluctuated between 8.87% and 10.63%. The trend shows a general increase from 2019 to 2021, with the ratio peaking in 2021 at 10.63%. However, in 2022 and 2023, the operating ROA has slightly decreased from the peak in 2021 but remains above the levels seen in 2019 and 2020.
Overall, the operating ROA indicates the company's ability to generate operating income from its assets. The fluctuations in the ratio may signify changes in the efficiency and profitability of Balchem Corp's operations over the years, reflecting the company's performance in utilizing its assets to generate operating profits.
Peer comparison
Dec 31, 2023