MKS Instruments Inc (MKSI)

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	-1,554,000	617,000	699,000	454,000	219,800
Total assets	US$ in thousands	9,118,000	11,495,000	4,540,000	3,903,800	3,416,300
Operating ROA		-17.04%	5.37%	15.40%	11.63%	6.43%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $-1,554,000K ÷ $9,118,000K
= -17.04%

MKS Instruments Inc's operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA was -17.04%, marking a significant decline from the previous years. This negative operating ROA indicates that the company's operating income generated from its assets was insufficient to cover the asset base during the period.

In contrast, the operating ROA in 2022 was 5.37%, demonstrating an improvement compared to 2023 but still below the levels seen in the following years. The significant increase in 2021, with an operating ROA of 15.40%, suggests that the company was able to efficiently utilize its assets to generate operating income during that period.

Similarly, in 2020 and 2019, the operating ROA was 11.63% and 6.43% respectively, showing a positive trend in the company's ability to generate operating income relative to its asset base.

Overall, the variable performance of MKS Instruments Inc's operating ROA over the past five years highlights fluctuations in the company's operational efficiency and profitability in utilizing its assets to generate income. Further analysis of the company's financial and operational performance is necessary to understand the drivers behind these fluctuations and assess the company's overall financial health.