Minerals Technologies Inc (MTX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 286,500 | 171,800 | 152,300 | 141,500 | 103,200 |
| Total assets | US$ in thousands | 3,393,900 | 3,346,600 | 3,399,100 | 3,374,200 | 3,209,400 |
| Operating ROA | 8.44% | 5.13% | 4.48% | 4.19% | 3.22% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $286,500K ÷ $3,393,900K
= 8.44%
Minerals Technologies Inc's operating return on assets (ROA) has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024. The company's operating ROA increased from 3.22% in 2020 to 8.44% in 2024, indicating an improvement in the company's ability to generate operating income relative to its assets.
This upward trajectory suggests that Minerals Technologies Inc has been able to utilize its assets more efficiently to generate operating profits. The steady growth in operating ROA reflects management's effectiveness in optimizing asset utilization and operational efficiency.
The significant increase in operating ROA from 2020 to 2024 indicates that the company's operational performance has been strengthening over the years. This positive trend is encouraging for investors and stakeholders as it signifies the company's ability to generate higher returns relative to its asset base.
Overall, the improving trend in Minerals Technologies Inc's operating return on assets demonstrates the company's ability to effectively deploy its assets to drive operational profitability and create value for its shareholders.
Peer comparison
Dec 31, 2024