Materion Corporation (MTRN)
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 | 136,444 | 147,995 | 140,572 | 137,088 | 119,754 | 96,073 | 88,136 | 76,999 | 77,111 | 68,429 | 46,653 | 33,501 | 8,215 | 17,436 | 25,715 | 43,297 | 70,546 | 69,140 | 80,143 | 70,182 |
| Total assets | US$ in thousands | 1,762,730 | 1,748,600 | 1,737,710 | 1,717,980 | 1,691,980 | 1,702,320 | 1,703,110 | 1,666,910 | 1,607,480 | 1,182,660 | 1,141,500 | 1,098,270 | 1,057,860 | 1,084,810 | 1,041,220 | 846,076 | 898,430 | 839,839 | 836,846 | 824,762 |
| Operating ROA | 7.74% | 8.46% | 8.09% | 7.98% | 7.08% | 5.64% | 5.18% | 4.62% | 4.80% | 5.79% | 4.09% | 3.05% | 0.78% | 1.61% | 2.47% | 5.12% | 7.85% | 8.23% | 9.58% | 8.51% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $136,444K ÷ $1,762,730K
= 7.74%
Materion Corp's operating return on assets (operating ROA) has shown a consistent upward trend over the past eight quarters, reflecting improved operational efficiency and profitability. The operating ROA increased from 4.68% in Q1 2022 to 7.95% in Q4 2023, indicating that the company has been more effective in generating operating income relative to its total assets.
This positive trajectory suggests that Materion Corp has been able to increase its operating profitability while effectively managing its asset base. The steady growth in operating ROA indicates that the company has been making better use of its assets to generate operating income, which is a favorable signal for investors and stakeholders.
Overall, the upward trend in Materion Corp's operating ROA reflects the company's ability to improve operational performance and efficiency, which bodes well for its financial health and sustainable growth in the future.