Minerals Technologies Inc (MTX)

Return on assets (ROA)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 84,100 122,200 164,400 112,400 132,700
Total assets US$ in thousands 3,346,600 3,401,600 3,374,200 3,209,400 3,112,600
ROA 2.51% 3.59% 4.87% 3.50% 4.26%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $84,100K ÷ $3,346,600K
= 2.51%

Minerals Technologies, Inc.'s Return on Assets (ROA) has shown a declining trend over the past five years. The company's ROA decreased from 4.26% in 2019 to 2.51% in 2023. This indicates that the company's ability to generate profits from its assets has weakened over time. A declining ROA can be a cause for concern as it suggests that the company is not effectively utilizing its assets to generate earnings. It is essential for investors and stakeholders to monitor this trend closely to understand the factors contributing to the decrease in ROA and assess the company's overall financial performance.


Peer comparison

Dec 31, 2023