Integer Holdings Corp (ITGR)
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 | 167,330 | 121,327 | 135,711 | 120,612 | 157,635 |
| Total assets | US$ in thousands | 2,942,650 | 2,794,390 | 2,582,220 | 2,371,860 | 2,353,090 |
| Operating ROA | 5.69% | 4.34% | 5.26% | 5.09% | 6.70% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $167,330K ÷ $2,942,650K
= 5.69%
In analyzing Integer Holdings Corp's operating return on assets (ROA) over the past five years, we observe fluctuations in the efficiency of generating operating profits relative to its asset base. The trend indicates a varying performance in utilizing its assets to generate operating income.
Integer Holdings Corp's operating ROA has shown a slight improvement, reaching 5.81% in 2023 compared to 4.88% in 2022. This uptick suggests a better operational efficiency in generating profits from its assets during the most recent year. However, it is important to note that the operating ROA was higher in 2019 at 7.22%, indicating a peak performance in asset utilization in that year.
The company's operating ROA experienced fluctuations in the range of 5.41% to 7.22% from 2019 to 2023, indicating variability in its ability to generate operating profits from its assets. Overall, the trend suggests that Integer Holdings Corp has been moderately effective in utilizing its assets to generate operating income, with room for improvement in enhancing operational efficiency for better returns on its asset base. Further analysis of the underlying factors driving these fluctuations would provide deeper insights into the company's operational performance.
Peer comparison
Dec 31, 2023