Minerals Technologies Inc (MTX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 167,100 | 84,100 | 122,200 | 164,400 | 112,400 |
| Total assets | US$ in thousands | 3,393,900 | 3,346,600 | 3,399,100 | 3,374,200 | 3,209,400 |
| ROA | 4.92% | 2.51% | 3.60% | 4.87% | 3.50% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $167,100K ÷ $3,393,900K
= 4.92%
Minerals Technologies Inc's return on assets (ROA) displays variance over the years from 2020 to 2024. The ROA increased from 3.50% in December 2020 to 4.87% in December 2021, indicating improved efficiency in generating earnings from its assets. However, in December 2022, the ROA fell to 3.60%, suggesting a decrease in profitability relative to its asset base. This trend continued in December 2023, with a further decline to 2.51%, highlighting potential challenges in optimizing asset utilization.
Nonetheless, the company managed to reverse this downward trend in December 2024, achieving a significant increase in ROA to 4.92%. This uptick suggests a possible strategic shift or operational improvements that bolstered the company's ability to generate higher returns from its assets. Overall, while there were fluctuations in ROA over the period analyzed, Minerals Technologies Inc's recent performance indicates a positive momentum in maximizing profitability relative to its asset investments.
Peer comparison
Dec 31, 2024