Balchem Corporation (BCPC)
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 | 159,193 | 154,163 | 144,174 | 141,258 | 145,186 | 145,702 | 144,590 | 135,263 | 127,502 | 122,605 | 119,120 | 115,444 | 111,147 | 105,864 | 102,866 | 102,351 | 102,553 | 106,146 | 105,639 | 106,340 |
| Total assets | US$ in thousands | 1,597,210 | 1,603,480 | 1,619,230 | 1,628,760 | 1,624,510 | 1,633,010 | 1,606,670 | 1,194,910 | 1,199,320 | 1,179,350 | 1,173,610 | 1,169,220 | 1,165,840 | 1,161,340 | 1,151,260 | 1,162,110 | 1,155,680 | 1,096,630 | 1,098,320 | 971,888 |
| Operating ROA | 9.97% | 9.61% | 8.90% | 8.67% | 8.94% | 8.92% | 9.00% | 11.32% | 10.63% | 10.40% | 10.15% | 9.87% | 9.53% | 9.12% | 8.94% | 8.81% | 8.87% | 9.68% | 9.62% | 10.94% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $159,193K ÷ $1,597,210K
= 9.97%
Operating return on assets (ROA) reflects Balchem Corp.'s efficiency in generating operating profit from its assets. The data shows that the operating ROA for Balchem Corp. has been relatively stable over the quarters, ranging from 8.67% to 9.97% in Q1 2023 and Q4 2023, respectively.
This indicates that the company has been effectively utilizing its assets to generate operating income. However, there was a slight decrease in operating ROA in Q2 2023 compared to the previous quarters.
It is worth noting that the operating ROA was significantly higher in Q1 2022 at 11.32%, reflecting a more efficient utilization of assets to generate operating income during that period.
Overall, Balchem Corp. has maintained a relatively stable performance in terms of operating ROA, demonstrating its ability to generate operating income from its assets consistently.
Peer comparison
Dec 31, 2023