Matthews International Corporation (MATW)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -12,323 | 63,771 | 78,593 | 80,316 | 88,117 | -11,242 | -21,803 | -37,488 | -43,937 | 36,525 | 34,834 | 42,440 | 42,034 | 55,218 | 51,192 | -48,877 | -64,193 | -144,612 | -120,167 | -10,806 |
| Total assets | US$ in thousands | 1,834,890 | 1,861,880 | 1,890,480 | 1,903,120 | 1,887,380 | 1,884,190 | 1,897,270 | 1,902,940 | 1,882,770 | 1,904,690 | 1,952,790 | 2,053,320 | 2,032,080 | 2,075,050 | 2,063,760 | 2,087,450 | 2,072,630 | 2,084,620 | 2,191,740 | 2,284,580 |
| Operating ROA | -0.67% | 3.43% | 4.16% | 4.22% | 4.67% | -0.60% | -1.15% | -1.97% | -2.33% | 1.92% | 1.78% | 2.07% | 2.07% | 2.66% | 2.48% | -2.34% | -3.10% | -6.94% | -5.48% | -0.47% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-12,323K ÷ $1,834,890K
= -0.67%
Operating ROA measures the efficiency of Matthews International Corporation in generating operating income from its assets. Looking at the trend over the past several quarters, we observe fluctuations in the operating ROA.
In the most recent quarter, the operating ROA was -0.67%, indicating a decrease in efficiency compared to the previous quarter's 3.43%. This decline could be a point of concern as it suggests a reduction in the ability of the company to generate operating income from its assets.
The highest operating ROA observed in the data provided was 4.67% in the third quarter of 2023, indicating a relatively efficient utilization of assets to generate operating income. On the other hand, the lowest operating ROA was -6.94% in the first quarter of 2020, highlighting significant inefficiencies in asset utilization during that period.
Overall, the trend in operating ROA for Matthews International Corporation shows varying levels of efficiency in recent quarters, with the company experiencing both positive and negative returns on its assets. This variability indicates the importance of closely monitoring the company's operational performance and asset management strategies to improve efficiency and profitability.