Littelfuse Inc (LFUS)
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 | 360,862 | 500,826 | 385,642 | 162,372 | 192,791 |
| Total assets | US$ in thousands | 3,995,280 | 3,903,730 | 3,151,700 | 2,747,590 | 2,559,900 |
| Operating ROA | 9.03% | 12.83% | 12.24% | 5.91% | 7.53% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $360,862K ÷ $3,995,280K
= 9.03%
Littelfuse Inc's operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA was 9.03%, which represents a decrease from the previous year's 12.83%. Despite this decline, the operating ROA in 2023 remains relatively healthy compared to 2020 and 2019 when it was 5.91% and 7.53%, respectively.
The trend indicates some variability in the company's ability to generate operating income from its assets efficiently. Investors and stakeholders might want to further investigate the factors contributing to this fluctuation to assess the company's operational performance and efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023