Matson Inc (MATX)

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	342,800	1,353,600	1,187,500	280,300	129,100
Total assets	US$ in thousands	4,294,600	4,330,000	3,693,100	2,900,600	2,845,400
Operating ROA		7.98%	31.26%	32.15%	9.66%	4.54%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $342,800K ÷ $4,294,600K
= 7.98%

Matson Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past five years. In 2023, the operating ROA decreased to 7.93% from 29.34% in 2022, marking a significant decline. This decrease may indicate a reduction in the company's ability to generate operating income from its assets efficiently. In 2021, Matson Inc achieved a high operating ROA of 30.63%, demonstrating strong profitability compared to the other years in consideration. The operating ROA for 2020 and 2019 was 8.76% and 3.81%, respectively, indicating a relatively lower return on assets during those periods.

The fluctuation in Matson Inc's operating ROA suggests that the company's operational performance and asset utilization have varied over the years. Investors and stakeholders may want to further investigate the reasons behind these changes in operating ROA to assess the company's financial health and operational efficiency.