BWX Technologies Inc (BWXT)
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 | 383,059 | 348,571 | 345,848 | 358,552 | 325,521 |
| Total assets | US$ in thousands | 2,747,060 | 2,618,940 | 2,501,380 | 2,293,500 | 1,908,910 |
| Operating ROA | 13.94% | 13.31% | 13.83% | 15.63% | 17.05% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $383,059K ÷ $2,747,060K
= 13.94%
The operating return on assets (operating ROA) of BWX Technologies Inc has shown a consistent trend over the past five years, starting at 15.69% in 2019 and gradually declining to 12.13% in 2023. This indicates that the company's ability to generate operating income from its assets has slightly decreased over the years. However, BWX Technologies Inc still maintains a healthy operating ROA above 10% in each year, which signifies efficient utilization of its assets to generate operating profits. It is worth noting that the company experienced a sharper decline in operating ROA from 2020 to 2023, which may warrant further investigation into factors influencing this trend. Overall, while there has been a slight decline in operating ROA over the years, BWX Technologies Inc continues to demonstrate strong operational performance relative to its asset base.
Peer comparison
Dec 31, 2023