MSA Safety (MSA)
Operating return on assets (Operating ROA)
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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating income (ttm) | US$ in thousands | 231,320 | 199,690 | 169,880 | 136,408 | 239,137 | 79,678 | 47,767 | 21,366 | 22,781 | 135,302 | 144,049 | 157,208 | 171,907 | 190,220 | 208,685 | 214,869 | 188,247 | 188,496 | 168,885 | 161,204 |
Total assets | US$ in thousands | 2,170,150 | 2,194,340 | 2,199,150 | 2,179,670 | 2,376,980 | 2,387,290 | 2,408,450 | 2,415,780 | 2,396,400 | 2,259,450 | 1,963,230 | 1,942,760 | 1,919,630 | 1,792,660 | 1,752,940 | 1,730,930 | 1,781,800 | 1,699,140 | 1,713,860 | 1,671,370 |
Operating ROA | 10.66% | 9.10% | 7.72% | 6.26% | 10.06% | 3.34% | 1.98% | 0.88% | 0.95% | 5.99% | 7.34% | 8.09% | 8.96% | 10.61% | 11.90% | 12.41% | 10.56% | 11.09% | 9.85% | 9.65% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $231,320K ÷ $2,170,150K
= 10.66%
Based on the data provided, the operating return on assets (operating ROA) of MSA Safety Inc has shown a steady upward trend over the past eight quarters. In Q1 2022, the operating ROA was 1.83%, which increased to 17.86% in Q4 2023. This indicates that the company has been able to generate more operating income from its assets over time, reflecting improved operational efficiency and profitability. The consistent growth in operating ROA suggests that MSA Safety Inc has been effectively utilizing its assets to generate higher operating profits, which is a positive sign for the company's financial performance.
Peer comparison
Dec 31, 2023