The Mosaic Company (MOS)
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 | 1,338,100 | 4,785,300 | 2,468,500 | 412,900 | -1,094,900 |
| Total assets | US$ in thousands | 23,032,800 | 23,386,000 | 22,036,400 | 19,789,800 | 19,298,500 |
| Operating ROA | 5.81% | 20.46% | 11.20% | 2.09% | -5.67% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,338,100K ÷ $23,032,800K
= 5.81%
The operating return on assets (operating ROA) of Mosaic Company has fluctuated over the past five years. In 2023, the operating ROA stands at 5.81%, exhibiting a decrease from the previous year where it was notably higher at 20.46% in 2022. Comparing further back, the operating ROA in 2023 is still higher than that in 2021 at 11.92% and in 2020 at 2.09%, showing an improvement in asset utilization efficiency. However, when comparing to 2019, where the operating ROA was 1.90%, there has been a notable increase, indicating a positive trend in the company’s ability to generate operating income relative to its assets. Further analysis and context would be needed to determine the contributing factors behind these fluctuations in the operating ROA of Mosaic Company.
Peer comparison
Dec 31, 2023