Columbia Sportswear Company (COLM)

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	270,741	310,284	393,104	450,504	137,049
Total assets	US$ in thousands	2,975,260	2,939,010	3,051,550	3,067,130	2,836,570
Operating ROA		9.10%	10.56%	12.88%	14.69%	4.83%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $270,741K ÷ $2,975,260K
= 9.10%

Columbia Sportswear Company's operating return on assets (operating ROA) has exhibited a positive trend over the past five years. Starting at 4.83% on December 31, 2020, it increased significantly to 14.69% by December 31, 2021, indicating improved efficiency in generating operating profits relative to its asset base. The operating ROA then decreased slightly to 12.88% by December 31, 2022, and further to 10.56% by December 31, 2023. Despite these declines, the company's operating ROA remained above the initial level, suggesting continued strong performance in utilizing its assets to generate operating income. By December 31, 2024, the operating ROA stood at 9.10%, signaling a gradual moderation in asset efficiency but still reflecting a solid operational performance compared to the base year. Overall, Columbia Sportswear Company has shown a generally positive operating ROA trend, indicating effective management of assets to drive operating profitability.