Belden Inc (BDC)
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 | 317,518 | 363,334 | 263,676 | 150,114 | 207,207 |
| Total assets | US$ in thousands | 3,240,190 | 3,161,680 | 3,417,680 | 3,139,730 | 3,406,760 |
| Operating ROA | 9.80% | 11.49% | 7.72% | 4.78% | 6.08% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $317,518K ÷ $3,240,190K
= 9.80%
Belden Inc's operating return on assets (operating ROA) has fluctuated over the past five years. The operating ROA was 9.43% as of December 31, 2023, which is slightly lower than the previous year's level of 10.29%. Prior to this, the operating ROA was 7.75% in 2021, indicating a notable improvement from the 3.99% reported in 2020. The strongest performance in the last five years was seen in 2019 with an operating ROA of 6.08%.
Overall, Belden Inc's operating ROA demonstrates varying levels of efficiency in generating profits from its assets over the years. It is essential for the company to closely monitor and manage its asset utilization to ensure sustainable and optimal operational performance in the future.
Peer comparison
Dec 31, 2023