Kratos Defense & Security Solutions (KTOS)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 29,000 | 31,100 | 5,500 | 27,900 | 29,300 |
| Total assets | US$ in thousands | 1,950,900 | 1,632,500 | 1,551,500 | 1,589,500 | 1,562,800 |
| Operating ROA | 1.49% | 1.91% | 0.35% | 1.76% | 1.87% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $29,000K ÷ $1,950,900K
= 1.49%
The operating return on assets (operating ROA) for Kratos Defense & Security Solutions demonstrates notable fluctuations over the analyzed period from December 31, 2020, to December 31, 2024.
In 2020, the operating ROA stood at 1.87%, indicating a modest level of operating efficiency relative to the company's asset base. There was a slight decline in 2021 to 1.76%, reflecting a minor decrease in operating profitability relative to assets. The decline became more pronounced in 2022, with the operating ROA dropping significantly to 0.35%, which suggests a substantial reduction in operating efficiency and profitability derived from the company's assets during that year.
Subsequently, a recovery was observed in 2023, with the operating ROA increasing to 1.91%, surpassing both the 2020 and 2021 figures and indicating a period of improved operational efficiency. However, in 2024, the ratio experienced a decline to 1.49%, demonstrating a decrease in operating profitability relative to assets, although it still remained higher than the lows of 2022.
Overall, the trend of Kratos' operating ROA shows variability, with a notable dip in 2022 followed by partial recovery in 2023 and some decline in 2024. These fluctuations could reflect changes in operational performance, asset utilization, or external market factors influencing the company's profitability relative to its assets over the observed period.
Peer comparison
Dec 31, 2024