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