Everus Construction Group Inc (ECG)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 180,177 | 164,644 | 145,754 |
| Total assets | US$ in thousands | 1,110,580 | 1,135,590 | — |
| Operating ROA | 16.22% | 14.50% | — |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $180,177K ÷ $1,110,580K
= 16.22%
The operating return on assets (operating ROA) for Everus Construction Group Inc has shown a positive trend over the past two years. In 2022, the operating ROA was 14.50%, and it increased to 16.22% in 2023. This indicates that the company is effectively utilizing its assets to generate operating profits. However, there is no data available for 2021, making it difficult to assess the overall trajectory of the company's operating ROA. The increasing trend in the operating ROA suggests that Everus Construction Group Inc is becoming more efficient in generating profits from its operations relative to its assets. This improvement may be attributed to effective cost management, operational efficiencies, or increased revenue generation. It is essential for the company to sustain or further enhance this trend to demonstrate ongoing operational effectiveness and profitability.
Peer comparison
Dec 31, 2023