Ingredion Incorporated (INGR)
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 | 957,000 | 762,000 | 310,000 | 582,000 | 664,000 |
| Total assets | US$ in thousands | 7,642,000 | 7,561,000 | 6,999,000 | 6,858,000 | 6,040,000 |
| Operating ROA | 12.52% | 10.08% | 4.43% | 8.49% | 10.99% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $957,000K ÷ $7,642,000K
= 12.52%
Ingredion Inc's operating return on assets (operating ROA) has shown a generally positive trend over the past five years, with values ranging from 9.39% in 2020 to 12.56% in 2023. The company's ability to generate operating income from its assets has improved steadily, indicating efficient asset utilization and operational performance. The uptrend in operating ROA suggests that Ingredion has been effectively managing its resources to drive profitability. However, it is important for investors and analysts to monitor this ratio consistently to ensure continued efficiency in asset utilization and sustained profitability.
Peer comparison
Dec 31, 2023