John Bean Technologies Corporation (JBT)
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 | 164,700 | 132,600 | 160,100 | 163,100 | 188,200 |
| Total assets | US$ in thousands | 2,710,400 | 2,641,000 | 2,141,400 | 1,805,900 | 1,914,900 |
| Operating ROA | 6.08% | 5.02% | 7.48% | 9.03% | 9.83% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $164,700K ÷ $2,710,400K
= 6.08%
The operating return on assets (Operating ROA) for John Bean Technologies Corp has exhibited a declining trend over the past five years. From 10.53% in 2019, it decreased to 9.70% in 2020, further dropping to 7.74% in 2021, and then to 6.79% in 2022. By the end of 2023, the operating ROA was recorded at 6.50%.
This indicates that the company's ability to generate operating profit from its assets has gradually weakened over the years, potentially reflecting operational challenges, increased costs, or changes in the competitive landscape. Investors and stakeholders may need to closely monitor this trend to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023