Dana Inc (DAN)
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 | 352,000 | 341,000 | 287,000 | 404,000 | 218,000 |
| Total assets | US$ in thousands | 7,485,000 | 7,965,000 | 7,449,000 | 7,632,000 | 7,376,000 |
| Operating ROA | 4.70% | 4.28% | 3.85% | 5.29% | 2.96% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $352,000K ÷ $7,485,000K
= 4.70%
Based on the provided data for Dana Inc's operating return on assets (Operating ROA), we observe a gradual upward trend in the performance indicator over the years. The company's Operating ROA increased from 2.96% as of December 31, 2020, to 5.29% as of December 31, 2021, reflecting a significant improvement in the efficiency of utilizing its assets to generate operating profits.
However, in the subsequent years, there was a slight decrease in the Operating ROA, with the ratio standing at 3.85% as of December 31, 2022, and then increasing to 4.28% as of December 31, 2023, and further to 4.70% as of December 31, 2024. Despite the fluctuations, Dana Inc maintained a relatively consistent level of operating profitability relative to its asset base during this period.
Overall, the varying Operating ROA figures indicate that Dana Inc has been able to sustain a reasonable level of operational efficiency in utilizing its assets to generate profits, with fluctuations possibly influenced by changes in operating performance and asset management strategies.
Peer comparison
Dec 31, 2024