Masco Corporation (MAS)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,362,000 | 1,319,000 | 1,345,000 | 1,351,000 | 1,348,000 | 1,286,000 | 1,254,000 | 1,259,000 | 1,297,000 | 1,330,000 | 1,364,000 | 1,393,000 | 1,405,000 | 1,494,000 | 1,533,000 | 1,435,000 | 1,295,000 | 1,243,000 | 1,108,000 | 1,116,000 |
| Total assets | US$ in thousands | 5,016,000 | 5,296,000 | 5,365,000 | 5,336,000 | 5,363,000 | 5,371,000 | 5,308,000 | 5,430,000 | 5,187,000 | 5,417,000 | 5,467,000 | 5,568,000 | 5,575,000 | 5,595,000 | 5,423,000 | 5,574,000 | 5,777,000 | 5,575,000 | 5,302,000 | 4,840,000 |
| Operating ROA | 27.15% | 24.91% | 25.07% | 25.32% | 25.14% | 23.94% | 23.62% | 23.19% | 25.00% | 24.55% | 24.95% | 25.02% | 25.20% | 26.70% | 28.27% | 25.74% | 22.42% | 22.30% | 20.90% | 23.06% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,362,000K ÷ $5,016,000K
= 27.15%
Operating return on assets (ROA) is an important financial metric that indicates how efficiently a company is utilizing its assets to generate operating income. It is calculated by dividing operating income by average total assets.
Looking at the historical trend of Masco Corporation's operating ROA from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio. Here is a breakdown of the trend:
- The operating ROA started at 23.06% on March 31, 2020, and showed a slight decrease to 20.90% by June 30, 2020.
- There was a recovery in the ratio, reaching 22.42% by December 31, 2020, and continued to improve to 28.27% by June 30, 2021.
- Subsequently, the operating ROA fluctuated around the mid-20% range, with values ranging from 23.19% on March 31, 2023, to 25.32% on March 31, 2024.
- The latest data point on December 31, 2024, shows a significant increase to 27.15%, indicating improved efficiency in generating operating income from assets.
Overall, Masco Corporation's operating ROA has experienced fluctuations over the past years but seems to have generally improved, indicating a positive trend in the company's asset utilization efficiency and operating income generation. However, it is important to monitor future performance to ensure sustained efficiency and profitability.
Peer comparison
Dec 31, 2024