Innospec Inc (IOSP)
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 | 161,600 | 187,300 | 132,100 | 33,700 | 149,900 |
| Total assets | US$ in thousands | 1,707,400 | 1,603,700 | 1,570,900 | 1,397,400 | 1,468,800 |
| Operating ROA | 9.46% | 11.68% | 8.41% | 2.41% | 10.21% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $161,600K ÷ $1,707,400K
= 9.46%
The operating return on assets (ROA) for Innospec Inc has fluctuated over the past five years. In 2023, the operating ROA was 9.46%, showing a decrease from the previous year where it stood at 11.68%. Despite the drop, the company still maintained a relatively healthy operating ROA compared to the lower levels seen in 2020 and 2021, which were 5.35% and 8.29% respectively.
In 2019, Innospec Inc recorded a higher operating ROA of 10.21% compared to 2023, indicating that the company had previously achieved better performance in utilizing its assets to generate operating income. Overall, the trend in operating ROA for Innospec Inc shows some variability, but the company has generally demonstrated consistent profitability in relation to its asset base over the past five years.
Peer comparison
Dec 31, 2023