Benchmark Electronics Inc (BHE)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	109,411	109,664	90,069	53,062	25,134
Total assets	US$ in thousands	2,139,460	2,274,760	2,227,330	1,903,880	1,744,240
Operating ROA		5.11%	4.82%	4.04%	2.79%	1.44%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $109,411K ÷ $2,139,460K
= 5.11%

Benchmark Electronics Inc's operating return on assets (Operating ROA) has been showing a positive trend over the years, increasing from 1.44% on December 31, 2020, to 5.11% on December 31, 2024. This indicates that the company has been more efficient in generating operating profits relative to its total assets. The steady increase in Operating ROA suggests improved operational efficiency and better utilization of assets to generate earnings. This positive trend is a good sign of the company's ability to effectively manage its assets to generate operating income.