Dana Inc (DAN)
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 | 316,000 | 86,000 | 395,000 | 124,000 | 292,000 |
| Total assets | US$ in thousands | 7,965,000 | 7,449,000 | 7,632,000 | 7,376,000 | 7,220,000 |
| Operating ROA | 3.97% | 1.15% | 5.18% | 1.68% | 4.04% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $316,000K ÷ $7,965,000K
= 3.97%
To analyze Dana Inc's operating return on assets (Operating ROA) over the past five years, we observe a fluctuating trend. The Operating ROA for the company has ranged from a low of 2.54% in 2020 to a high of 8.46% in 2019.
In 2023, Dana Inc's Operating ROA improved to 4.24% compared to the previous year, indicating enhanced efficiency in generating operating income relative to its total assets. However, the Operating ROA was lower in 2022 at 3.41% compared to 2021's figure of 4.76%.
The significant drop in 2020 to 2.54% suggests a potential decrease in the company's operational efficiency and profitability relative to its asset base. The peak in 2019 at 8.46% indicates a strong performance that year, likely driven by effective asset utilization and operational management.
Overall, Dana Inc's Operating ROA has demonstrated variability over the past five years, suggesting the company's operational performance has been subject to fluctuations in asset efficiency and profitability levels.
Peer comparison
Dec 31, 2023