Materion Corporation (MTRN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 95,702 | 85,990 | 72,474 | 15,462 | 53,394 |
| Total assets | US$ in thousands | 1,762,730 | 1,691,980 | 1,607,480 | 1,057,860 | 898,430 |
| ROA | 5.43% | 5.08% | 4.51% | 1.46% | 5.94% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $95,702K ÷ $1,762,730K
= 5.43%
Materion Corp's return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA increased to 5.43%, which was higher than the previous two years but lower than the level seen in 2019. This suggests that the company was able to generate a higher return on its assets in 2023 compared to the prior two years. However, the ROA in 2023 was still below the peak level recorded in 2019.
Overall, Materion Corp's ROA has shown variability in recent years, indicating fluctuations in the company's ability to generate profits relative to its total assets. It would be important to further investigate the factors contributing to these fluctuations to better understand the company's financial performance and asset utilization efficiency.