Chart Industries Inc (GTLS)
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 | 647,500 | 390,700 | 151,500 | 88,500 | 108,200 |
| Total assets | US$ in thousands | 9,123,900 | 9,102,400 | 5,901,900 | 3,043,800 | 2,586,500 |
| Operating ROA | 7.10% | 4.29% | 2.57% | 2.91% | 4.18% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $647,500K ÷ $9,123,900K
= 7.10%
Chart Industries Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past five years based on the provided data. In 2020, the operating ROA was 4.18%, indicating that the company generated $4.18 in operating income for every $100 of assets employed in its operations.
However, there was a decline in operating ROA to 2.91% by the end of 2021, which suggests a decrease in operating efficiency and profitability relative to its asset base. This trend continued into 2022 and 2023, with operating ROA further decreasing to 2.57% and then experiencing a slight improvement to 4.29% by the end of 2023.
The most significant improvement in operating ROA occurred in 2024, where it rose to 7.10%. This indicates that the company was able to generate higher operating income relative to its assets, showcasing potentially improved operational efficiency and effectiveness in utilizing its asset base.
Overall, the trend in operating ROA for Chart Industries Inc reflects fluctuations in the company's ability to generate operating income from its assets over the past five years, with performance improvements seen in 2024 compared to the earlier years.