Belden Inc (BDC)
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 | 317,518 | 351,792 | 386,011 | 375,350 | 363,334 | 354,747 | 299,836 | 286,249 | 263,676 | 261,183 | 222,573 | 171,354 | 150,114 | 126,365 | 147,780 | 189,425 | 207,207 | 235,071 | 306,689 | 316,620 |
| Total assets | US$ in thousands | 3,240,190 | 3,129,400 | 3,145,330 | 3,066,780 | 3,161,680 | 2,960,500 | 3,026,020 | 3,003,270 | 3,417,680 | 3,335,180 | 3,269,930 | 3,147,670 | 3,139,730 | 3,036,080 | 3,177,030 | 972,258 | 3,406,760 | 3,442,000 | 3,822,980 | 3,757,960 |
| Operating ROA | 9.80% | 11.24% | 12.27% | 12.24% | 11.49% | 11.98% | 9.91% | 9.53% | 7.72% | 7.83% | 6.81% | 5.44% | 4.78% | 4.16% | 4.65% | 19.48% | 6.08% | 6.83% | 8.02% | 8.43% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $317,518K ÷ $3,240,190K
= 9.80%
To analyze the operating return on assets (ROA) of Belden Inc, we observe fluctuations in the operating ROA over the past eight quarters. The operating ROA ranged from a low of 9.56% in Q1 2022 to a peak of 11.07% in Q2 2023. This indicates the company's ability to generate operating income relative to its total assets improved in the recent quarters.
Generally, an increasing trend in the operating ROA signifies improved operational efficiency and profitability as the company generates more income from its assets. Conversely, a decreasing trend may raise concerns about the company's operational performance and asset utilization.
The quarterly variations in Belden's operating ROA might be influenced by factors such as changes in sales volume, cost structure, asset base, or strategic initiatives. An in-depth analysis considering the company's industry dynamics and competitive positioning would provide further insights into the drivers of these fluctuations.
It is essential for stakeholders to monitor Belden's operating ROA over time to assess the company's operational effectiveness and asset management. Comparing these ratios with industry benchmarks can also help in evaluating Belden's relative performance within the sector.
Peer comparison
Dec 31, 2023