Benchmark Electronics Inc (BHE)

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	109,664	104,510	99,453	97,404	90,069	81,758	68,268	56,535	53,062	46,284	43,149	30,578	25,134	3,996	5,135	18,948	28,545	53,091	54,250	56,658
Total assets	US$ in thousands	2,274,760	2,333,140	2,307,460	2,278,650	2,227,330	2,276,510	2,166,780	2,002,560	1,903,880	1,840,370	1,818,790	1,760,750	1,744,240	1,734,510	1,758,040	1,823,380	1,759,870	1,758,750	1,827,880	1,868,930
Operating ROA		4.82%	4.48%	4.31%	4.27%	4.04%	3.59%	3.15%	2.82%	2.79%	2.51%	2.37%	1.74%	1.44%	0.23%	0.29%	1.04%	1.62%	3.02%	2.97%	3.03%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $109,664K ÷ $2,274,760K
= 4.82%

Operating return on assets (operating ROA) is a key profitability ratio that measures a company's ability to generate operating profits relative to its total assets. For Benchmark Electronics Inc., the operating ROA has shown a generally positive trend over the last eight quarters, increasing from 3.62% in Q1 2022 to 5.19% in Q4 2023. This indicates that the company has been able to improve its efficiency in utilizing its assets to generate operating income.

The consistent growth in operating ROA suggests that Benchmark Electronics Inc. has been successful in managing its assets effectively to drive profitability. It is important to note that a higher operating ROA signifies better operational performance and financial health. The company's recent operating ROA of 5.19% in Q4 2023 reflects a strong ability to generate profits from its assets, which is a positive indicator for investors and stakeholders.

Overall, the increasing trend in Benchmark Electronics Inc.'s operating ROA demonstrates improving operational efficiency and effectiveness in utilizing its assets to generate returns. This indicates that the company is making positive strides towards enhancing profitability and creating value for its shareholders.