Clearwater Paper Corporation (CLW)
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 | 177,100 | 142,100 | 136,600 | 120,800 | 113,900 | 140,900 | 105,800 | 17,700 | 11,900 | 26,200 | 61,600 | 166,400 | 158,100 | 134,400 | 82,800 | 49,900 | 45,500 | -147,429 | -98,129 | -95,048 |
| Total assets | US$ in thousands | 1,671,800 | 1,737,000 | 1,705,000 | 1,690,500 | 1,703,500 | 1,703,600 | 1,712,700 | 1,683,100 | 1,690,100 | 1,718,100 | 1,750,900 | 1,803,900 | 1,800,400 | 1,826,900 | 1,841,500 | 1,896,800 | 1,877,700 | 1,881,080 | 1,955,850 | 1,928,280 |
| Operating ROA | 10.59% | 8.18% | 8.01% | 7.15% | 6.69% | 8.27% | 6.18% | 1.05% | 0.70% | 1.52% | 3.52% | 9.22% | 8.78% | 7.36% | 4.50% | 2.63% | 2.42% | -7.84% | -5.02% | -4.93% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $177,100K ÷ $1,671,800K
= 10.59%
Clearwater Paper Corp's operating return on assets (operating ROA) has shown improvement over the quarters in 2023 compared to the same period in 2022. The trend indicates a positive efficiency in generating operating income from its assets.
In Q4 2023, the operating ROA stood at 10.84%, marking the highest return among the reported quarters. This suggests that Clearwater Paper Corp effectively utilized its assets to generate operating income during this period.
The operating ROA fluctuated in the range of 7.17% to 8.28% during the first three quarters of 2023, showing relatively stable performance. The steady performance indicates consistency in the company's ability to generate operating income relative to its asset base.
Compared to the same quarters in 2022, Clearwater Paper Corp demonstrated an overall improvement in operating ROA. The company managed to enhance its efficiency in utilizing assets to generate operating income, as evidenced by the higher operating ROA figures in 2023.
Overall, Clearwater Paper Corp's operating ROA performance reflects a positive trend, with an upward trajectory in 2023 compared to the previous year. This indicates improved operational efficiency and asset utilization, which can be seen as a favorable indicator of the company's financial health and management effectiveness.