Materion Corporation (MTRN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 95,702 | 104,998 | 98,386 | 97,559 | 85,990 | 76,909 | 75,113 | 69,726 | 72,474 | 60,857 | 48,172 | 36,107 | 15,462 | 21,742 | 20,793 | 32,383 | 53,394 | 18,220 | 33,664 | 27,415 |
| 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 |
| ROA | 5.43% | 6.00% | 5.66% | 5.68% | 5.08% | 4.52% | 4.41% | 4.18% | 4.51% | 5.15% | 4.22% | 3.29% | 1.46% | 2.00% | 2.00% | 3.83% | 5.94% | 2.17% | 4.02% | 3.32% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $95,702K ÷ $1,762,730K
= 5.43%
Analyzing Materion Corp's Return on Assets (ROA) over the past eight quarters reveals a generally positive trend with fluctuations. The ROA has been consistently above 4% and has shown improvement over time, reaching a peak of 6.00% in Q3 2023. This suggests that Materion Corp has been effectively utilizing its assets to generate profits for its stakeholders. Despite some variability from quarter to quarter, the overall trend indicates a strong performance in terms of generating profits relative to the company's total assets. Maintaining a ROA above 4% indicates solid efficiency and effectiveness in asset utilization, demonstrating the company's ability to generate earnings from its asset base.