LKQ Corporation (LKQ)
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 | 1,357,000 | 1,581,000 | 1,474,000 | 986,000 | 896,643 |
| Total assets | US$ in thousands | 15,079,000 | 12,038,000 | 12,606,000 | 12,360,500 | 12,780,000 |
| Operating ROA | 9.00% | 13.13% | 11.69% | 7.98% | 7.02% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,357,000K ÷ $15,079,000K
= 9.00%
LKQ Corp's operating return on assets (operating ROA) has exhibited some fluctuations over the past five years. The company's operating ROA ranged from a low of 7.67% in 2019 to a high of 11.98% in 2022. In 2023, the operating ROA decreased to 9.43% from the previous year.
Despite this decrease in 2023, LKQ Corp has generally shown a positive trend in its operating ROA performance, indicating the company's ability to generate operating profits relative to its total assets. This suggests operational efficiency and effective asset utilization by the company.
Overall, LKQ Corp's operating ROA performance demonstrates consistency and a generally positive trajectory, albeit with some variability from year to year.