Charter Communications Inc (CHTR)
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 | 12,559,000 | 11,962,000 | 10,526,000 | 8,405,000 | 6,511,000 |
| Total assets | US$ in thousands | 147,193,000 | 144,523,000 | 142,491,000 | 144,206,000 | 148,188,000 |
| Operating ROA | 8.53% | 8.28% | 7.39% | 5.83% | 4.39% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $12,559,000K ÷ $147,193,000K
= 8.53%
Charter Communications Inc.'s operating return on assets (operating ROA) has shown a positive trend over the past five years, increasing from 4.37% in 2019 to 8.50% in 2023. This improvement indicates that the company has been able to generate more operating income relative to its assets over time.
The steady growth in operating ROA reflects Charter Communications Inc.'s ability to effectively manage and utilize its assets to generate operating profits. The company's performance in this aspect has been consistently strong, with the operating ROA exceeding 7% for the past three years.
A higher operating ROA indicates that Charter Communications Inc. is efficient in using its assets to generate operating income, which is a positive sign for investors and stakeholders. This suggests that the company is effectively deploying its resources to drive profitability and maximize returns for shareholders. Overall, the increasing trend in operating ROA demonstrates Charter Communications Inc.'s operational effectiveness and financial health.
Peer comparison
Dec 31, 2023