Koppers Holdings Inc (KOP)
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 | 195,200 | 137,700 | 156,500 | 156,700 | 125,000 |
| Total assets | US$ in thousands | 1,835,500 | 1,711,400 | 1,661,900 | 1,598,600 | 1,564,600 |
| Operating ROA | 10.63% | 8.05% | 9.42% | 9.80% | 7.99% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $195,200K ÷ $1,835,500K
= 10.63%
Koppers Holdings Inc's operating return on assets (operating ROA) has shown fluctuating trends over the past five years. In 2023, the operating ROA improved to 10.54% from 7.90% in 2022, indicating better operating efficiency in generating profits from its assets. This improvement signifies that the company was able to increase its operating income relative to its total assets.
Comparing the 2023 operating ROA to 2021 and 2019, there is a noticeable enhancement in performance, demonstrating the company's ability to effectively utilize its assets more efficiently to generate operating profits. However, the 2023 operating ROA is slightly lower than the 2020 figure of 10.21%, suggesting a slight decline in operating efficiency compared to the previous year.
Overall, the upward trend in operating ROA from 2019 to 2023 indicates an improvement in Koppers Holdings Inc's operational effectiveness in utilizing its assets to generate profits. The company's performance in 2023 reflects a positive outcome in terms of operating efficiency and asset utilization compared to the previous years analyzed.
Peer comparison
Dec 31, 2023