Minerals Technologies Inc (MTX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 292,800 | 277,900 | 193,400 | 188,500 | 149,500 | 98,600 | 173,700 | 193,200 | 221,100 | 255,400 | 248,800 | 243,100 | 235,700 | 237,600 | 225,500 | 189,000 | 187,900 | 181,100 | 186,100 | 204,400 |
| Total assets | US$ in thousands | 3,393,900 | 3,394,000 | 3,346,000 | 3,339,100 | 3,346,600 | 3,344,700 | 3,408,200 | 3,450,700 | 3,399,100 | 3,387,300 | 3,403,100 | 3,425,800 | 3,374,200 | 3,384,300 | 3,253,300 | 3,213,200 | 3,209,400 | 3,214,100 | 3,056,900 | 3,069,100 |
| Operating ROA | 8.63% | 8.19% | 5.78% | 5.65% | 4.47% | 2.95% | 5.10% | 5.60% | 6.50% | 7.54% | 7.31% | 7.10% | 6.99% | 7.02% | 6.93% | 5.88% | 5.85% | 5.63% | 6.09% | 6.66% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $292,800K ÷ $3,393,900K
= 8.63%
Minerals Technologies Inc's operating return on assets (ROA) has shown fluctuations over the past few quarters. The trend indicates a generally positive performance, with a gradual increase in operating ROA from 6.66% in March 2020 to 8.63% in December 2024. There are some periods of decline, such as the decrease from 7.54% in September 2022 to 5.60% in March 2023, but the overall trajectory is upward.
The company's ability to generate operating income relative to its total assets has shown improvement, reflecting efficient asset utilization and effective cost management. A higher operating ROA indicates that Minerals Technologies Inc is generating more operating profit for each dollar of assets employed.
It is essential for the company to sustain or improve its operating ROA to ensure long-term profitability and value creation for its shareholders. By monitoring and enhancing operational efficiency and profitability, Minerals Technologies Inc can continue to strengthen its financial performance and competitive position in the market.
Peer comparison
Dec 31, 2024