Dorman Products Inc (DORM)
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 | 214,760 | 171,048 | 171,551 | 133,373 | 105,828 |
| Total assets | US$ in thousands | 2,292,410 | 2,341,790 | 1,673,120 | 1,220,660 | 1,041,070 |
| Operating ROA | 9.37% | 7.30% | 10.25% | 10.93% | 10.17% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $214,760K ÷ $2,292,410K
= 9.37%
Dorman Products Inc's operating return on assets (operating ROA) has shown some fluctuations over the past five years. The operating ROA was 9.37% at the end of 2023, a noticeable increase from 7.30% in 2022 but lower than the 10.25% reported in 2021. This suggests that the company's operating income generated from its assets improved in 2023 compared to the previous year.
However, when looking at a longer-term trend, the operating ROA appears to have slightly decreased from 10.93% in 2020 and 10.17% in 2019. This decline may indicate that Dorman Products Inc's operational efficiency in generating profits from its assets has reduced over these two years.
Overall, Dorman Products Inc's operating ROA performance reflects a mix of improvements and declines, highlighting the importance of closely monitoring the company's operational efficiency and asset management strategies in order to sustain profitability and enhance shareholder value.
Peer comparison
Dec 31, 2023