Insteel Industries Inc (IIIN)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 24,198 | 34,948 | 60,861 | 98,247 | 141,350 | 130,790 | 128,727 | 102,640 | 51,887 | 50,667 | 30,337 | 13,837 | 20,015 | 21,549 | 10,012 | 5,404 | 508 | 4,457 | 18,514 | 32,413 |
| Total assets | US$ in thousands | 390,568 | 447,513 | 445,382 | 428,224 | 423,756 | 471,745 | 481,048 | 420,558 | 368,779 | 390,710 | 371,931 | 336,861 | 309,951 | 337,902 | 336,690 | 319,035 | 306,451 | 293,009 | 304,795 | 311,571 |
| Operating ROA | 6.20% | 7.81% | 13.66% | 22.94% | 33.36% | 27.72% | 26.76% | 24.41% | 14.07% | 12.97% | 8.16% | 4.11% | 6.46% | 6.38% | 2.97% | 1.69% | 0.17% | 1.52% | 6.07% | 10.40% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $24,198K ÷ $390,568K
= 6.20%
Operating return on assets (operating ROA) is a key financial ratio that measures a company's ability to generate profits from its operational assets. Insteel Industries Inc's operating ROA has shown fluctuations over the past 5 years. The trend indicates a general improvement in operating ROA from 2019 to 2023, with some quarterly variations.
Insteel Industries Inc's operating ROA ranged from a low of 0.17% in March 2019 to a high of 33.36% in December 2022. The highest operating ROA was observed in December 2022, indicating strong profitability relative to the assets employed in operations.
The company's operating ROA has generally trended upward from 2019 to 2023, with occasional fluctuations. The positive trend suggests an improvement in the company's operational efficiency and profitability over the period under review.
It is essential for investors and stakeholders to continue monitoring Insteel Industries Inc's operating ROA to evaluate its ongoing operational performance and efficiency in generating returns from its assets.
Peer comparison
Dec 31, 2023