MSA Safety (MSA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 389,177 | 231,320 | 239,137 | 51,011 | 166,851 |
| Total assets | US$ in thousands | 2,205,780 | 2,170,150 | 2,376,980 | 2,396,400 | 1,872,480 |
| Operating ROA | 17.64% | 10.66% | 10.06% | 2.13% | 8.91% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $389,177K ÷ $2,205,780K
= 17.64%
The operating return on assets (operating ROA) for MSA Safety has shown fluctuations over the past five years. Starting at 8.91% on December 31, 2020, it decreased to 2.13% on December 31, 2021, indicating a significant drop in profitability. However, from 2022 onwards, there was a notable recovery and improvement in performance, with operating ROA reaching 10.06% on December 31, 2022, 10.66% on December 31, 2023, and a substantial increase to 17.64% on December 31, 2024.
Overall, the trend in operating ROA suggests that MSA Safety experienced a challenging period in 2021 but managed to strengthen its operational efficiency and profitability in the subsequent years, achieving a significant increase in return on assets by the end of 2024. This indicates positive momentum in utilizing its assets effectively to generate operating income.
Peer comparison
Dec 31, 2024