Minerals Technologies Inc (MTX)
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 | 84,100 | 64,200 | 96,800 | 115,100 | 122,200 | 143,600 | 171,600 | 168,600 | 164,400 | 154,300 | 141,200 | 113,700 | 112,400 | 110,300 | 120,000 | 132,200 | 132,700 | 146,800 | 150,700 | 168,200 |
| Total assets | US$ in thousands | 3,346,600 | 3,344,700 | 3,408,200 | 3,450,700 | 3,401,600 | 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 | 3,112,600 | 3,125,900 | 3,149,400 | 3,163,400 |
| ROA | 2.51% | 1.92% | 2.84% | 3.34% | 3.59% | 4.24% | 5.04% | 4.92% | 4.87% | 4.56% | 4.34% | 3.54% | 3.50% | 3.43% | 3.93% | 4.31% | 4.26% | 4.70% | 4.79% | 5.32% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $84,100K ÷ $3,346,600K
= 2.51%
Minerals Technologies, Inc.'s return on assets (ROA) has exhibited some fluctuations over the past eight quarters. The ROA values ranged from a low of 1.92% in Q3 2023 to a high of 5.04% in Q2 2022. The downward trend observed in the last few quarters may indicate potential challenges in generating profits relative to the assets employed. A consistent ROA above 3% suggests that the company is using its assets efficiently to generate earnings, although the decline in recent quarters warrants further investigation into the company's profitability and asset management strategies. Further analysis of the company's operating performance, asset utilization, and profitability drivers would provide more insights into the factors influencing the variations in ROA over the specified period.
Peer comparison
Dec 31, 2023